HKEx plans to launch Asian FX futures, gold contracts

Hong Kong

THE Hong Kong stock exchange plans to launch renminbi currency futures contracts against the Indonesian rupiah and the Malaysian ringgit in the coming months, its chief executive said on Tuesday.

Charles Li told an industry event the exchange plans to launch the currency pairs "sometime in the coming months" without giving a specific time frame. There has been a growing push by the Hong Kong Exchanges and Clearing Ltd (HKEx), one of the top five exchanges in Asia, to diversify its revenue streams away from its traditional equity trading business because of weak stock markets. "If…