Hong Kong Exchanges and Clearing (HKEX)
HKEx to launch renminbi secondary market facility to support IPOs
The exchange says the new offshore renminbi secondary market liquidity pool will not introduce additional counterparty or forex risk, thanks to a back-to-back arrangement with interested partner banks and brokers
BNP Paribas awarded third-party clearing waiver by SFC; predicts tectonic shift in clearing practices
BNP Paribas Securities Services has secured a waiver from the SFC, which could mark a turning point for the outsourcing of clearing services in Hong Kong
Asian Financial Forum: China and Hong Kong to collaborate more on cross-border access and cross-listings of ETFs, says CSRC chief
Hong Kong and Shanghai are set to more closely align clearing and settlement systems enabling the cross-listing of instruments such as exchange-traded funds. Meanwhile, the Chinese authorities plan to encourage state-owned enterprises to launch so-called…
HKEx moves to introduce margins for cash clearing members
HKEx plans to beef up its risk management following the bankruptcy of Lehman Brothers in September 2008 by introducing margin rules and seeking more funds from cash clearing members. The move would bring cash clearing more in line with existing…
Hong Kong lawmakers to enforce mandatory CCP by the end of 2012
Hong Kong joins Japan in mandating central counterparty clearing for OTC derivatives with CCPs and a central repository expected to be set up in the coming months.
Exchanges urge US to keep forex swaps and forwards under Dodd-Frank
The World Federation of Exchanges has urged US Treasury secretary Tim Geithner to keep forex derivatives under Dodd-Frank to block banks from using the exception for interest rate derivatives transactions. But a senior Westpac banker and rival trade…
On the move
On the move
Standard Bank to store gold in Asia for new Hong Kong EFT
South Africa’s Standard Bank offers its metals and market making capabilities for a new gold ETF in Hong Kong.
HKEx names former CSRC director to head mainland development
The Hong Kong Exchange's new hire, Yang Qiumei, was recently deputy director-general in the department of investment fund supervision at the China Securities Regulatory Commission, where she was in charge of matters related to QFII and QDII
Hong Kong poised to launch dividend futures
Hong Kong Exchange and Clearing looks set to join rival Singapore Exchange in offering dividend futures contracts
Instinet: HKEx needs to break clearing and settlement monopoly
Instinet's Asia chief executive Glenn Lesko says Hong Kong needs to open up clearing and settlement to allow competing exchanges to operate
Derivatives exchange volumes still declining
Derivatives trading volumes continued to fall across several leading exchanges in July.
HKEx takes Lehman hit, holds onto top spot in derivatives warrants turnover
Hong Kong Exchanges and Clearing (HKEx), the holding company for both the Stock Exchange of Hong Kong and the Hong Kong Futures Exchange, has held onto its position as the world's number one exchange, chief executive Paul Chow said on Wednesday.
Hong Kong exchange re-appoints chief, sets out strategic plan
Hong Kong Exchanges and Clearing (HKEx) today renewed Paul Chow’s contract as chief executive for a further two-year term from May 1, 2007 to April 30, 2009. The move follows the exchange’s announcement last Thursday (December 7) of its strategic plan…
Hong Kong Exchange to expand derivatives warrant data
Hong Kong Exchanges and Clearing Limited (KKEx) is introducing a new derivatives warrants information website in mid-2006.
HKEx launches Xinhua futures
The Hong Kong Stock Exchange (HKEx) has signed an agreement with index provider FTSE Xinhua Index (FXI) to list futures and options linked to the FXI China 25. Trading in the instruments is expected to begin on May 23.
HKEx targets derivatives growth
Hong Kong Exchanges and Clearing has scheduled a number of new initiatives for 2005 to combat flagging investor interest in derivatives. It also plans to expand and promote its distribution of market data to a wider user base in the Far East.
HKEx delays launch of derivatives clearing
The Hong Kong Stock Exchange (HKEx) has delayed the launch of its Derivatives Clearing and Settlement System (DCASS) until "early in the second quarter of this year", according to a report released by exchange officials, reports Risk’s sister publication…
HHEx to launch China index future by year-end
The Hong Kong Exchanges and Clearing (HKEx) plans to introduce a new China index futures contract before the end of the year.
HKEx names new COO and alters corporate structure
Hong Kong Exchanges and Clearing (HKEx) has named Patrick Conroy as chief operating officer as from August 18. Conroy will replace Frederick Grede, who has not sought a renewal of his employment contract, which expires at the end of July.