HKEx plans to launch Asian FX futures, gold contracts
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
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 2015 was the year of equity, 2016 is the year of derivatives, futures and options," Mr Li said.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
