The Hong Kong Exchanges and Clearing (HKEx) plans to introduce a new China index futures contract before the end of the year.HKEx currently has four equity index products: Hang Seng Index futures and options, Mini-Hang Seng Index Futures and options, MSCI China Free Index futures and Dow Jones Industrial Average futures.
The MSCI China Free Index tracks the performance of Chinese stocks open to foreign investors. The contract was introduced in May 2001 but has failed to gain momentum, with only 28 contracts traded in the second quarter of this year.
In a speech delivered yesterday at a Securities and Futures Ordinance conference, HKEx's chief executive Paul Chow said most of the exchange's business comes from mainland China. “We have to do the right things to attract mainland issuers and eventually investors,” Chow said.But a spokesperson for the exchange declined to give further details on the planned new China derivatives index.
More on Exchanges
NYXBT will initially be based off data from Coinbase Exchange.
German exchange group signs joint venture deal with CFFEX and Shanghai Stock Exchange
A mostly positive mix of Q1 results also yield big increases in data revenues for some exchanges.
Volumes jump following revamp of Sydney bourse's clearing incentive scheme
Sign up for Risk.net email alerts
Sponsored video: MarketAxess
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.