China's foreign exchange futures products will be divided into RMB exchange rate futures and cross exchange rate futures. The so-called cross exchange rate refers to the exchange rate between two foreign currencies, and cross exchange rate futures refer to futures with the exchange rate between foreign currencies as the target. CICC chose Euro/USD and AUD/USD as its target, because they are the main cross exchange rate trading currencies in the domestic market.
The difference between foreign exchange margin and foreign exchange futures. Foreign exchange margin trading can also be called spot foreign exchange margin trading, which belongs to spot trading. It has both similarities and differences with forex futures trading.