Electronic foreign exchange platform ParFX has added offshore renminbi-dollar to its FX pairs, as the Chinese currency continues to gain acceptance in the global financial system.

The decision reflects the growing popularity of the Chinese currency among both banks and clients, coupled with a desire to ensure the platform can provide enough liquidity and pricing data for the renminbi before it becomes a major, "full floating currency", ParFx said in a statement announcing the move on September 23.