Derivatives Market

UBS China pins hopes on China bond market, derivatives

David Li, chairman of UBS China, says the expansion of the mainland bond market will create demand for currency swaps and collateralised loan obligations. Photo: David Wong

UBS Securities, a joint venture managed by the Swiss banking group, reported last month its net earnings shrank by more than 90 per cent to 11.3 million yuan (HK$14.3 million) over the four-year period to last year.

Monday, 20 May, 2013, 4:18am

South Korea bought nearly US$1b to curb won rise - dealers

The South Korean authorities bought nearly US$1 billion in intervention aimed at curbing the won’s strength on Thursday, dealers in Seoul estimated.

The won reversed initial gains on the reported intervention and warning remarks by a deputy finance minister. It ended local trade at 1,085.9 per dollar, down 0.3 percent from Wednesday’s close or 0.5 percent below its session high.

22 Nov 2012 - 2:50pm

South Korea warns it may curb derivatives as won rallies

A South Korean walks past a signboard featuring the South Korean won in Seoul. Photo: Reuters

South Korea warned on Thursday it was ready to take action, such as lowering the ceilings on banks’ foreign exchange derivatives positions as early as next week, to stem the won’s strength that it said was ”excessive”.

22 Nov 2012 - 2:48pm

SFC rejects bid to change derivatives limit

The Securities and Futures Commission has dismissed a proposal by Hong Kong Exchanges and Clearing to relax the 10,000-position limit of derivatives trading, saying that the activities of hedge funds had placed the stability of world capital markets at risk.

3 Jun 2005 - 12:00am

Draft eases controls on derivatives

Domestic and foreign financial institutions in China would be allowed to trade derivatives for clients and themselves under draft rules in a consultation paper that appears to hint at a relaxation of heavy mainland regulatory restrictions on derivatives trading.

13 Oct 2003 - 12:00am

Average daily turnover down 19pc

Hong Kong Exchanges and Clearing says average daily turnover was HK$7.27 billion last month, up 4 per cent from October but 19 per cent lower than November last year. Average daily turnover for the first 11 months this year was HK$8.16 billion, down 35 per cent from HK$12.66 billion in the same period last year.

7 Dec 2001 - 12:00am

HK fifth largest centre for forex transactions

Hong Kong is the world's fifth largest trading centre for foreign exchange derivatives, according to a Hong Kong Monetary Authority (HKMA) survey.

Average daily foreign exchange dealing volume in April last year was US$56 billion, making up about 6 per cent of the global total.

24 Jun 1996 - 12:00am

HK seventh in derivatives

HONG KONG is the seventh largest derivatives market in the world with brisk activity in foreign exchange and interest rates contracts, according to the first global survey on derivatives markets.

The survey was part of a programme co-ordinated by the Bank for International Settlements (BIS) in April and Hong Kong was a participant.

19 Dec 1995 - 12:00am

Openness needed in derivatives trading

THOSE who have formed the impression that the derivatives markets are populated with blindfolded company directors being led towards a precipice over which Hong Kong itself must soon tumble should take note.

8 Dec 1994 - 12:00am

Derivatives need scrutiny

THERE is growing concern around the world about the growth of derivatives in international markets. Hong Kong has been experiencing its fair share of worries about these new financial devices.

13 Jun 1994 - 12:00am

Calm needed in regulating derivatives, says Breeden

THE United States' top securities regulator, Mr Richard Breeden, has advocated a light-handed approach to regulating financial instruments known as derivatives, whose use is set to take off exponentially in Hongkong and the region.

12 Mar 1993 - 12:00am