Futures Exchange

HKEx faces battle to make most of planned LME buy

Hong Kong's government has long wanted to turn the city into a leading centre for commodity trading.

Friday, 25 May, 2012, 12:00am

New year brings changing of the financial guard

As the first column of 2012, I would like to wish all readers a Happy New Year. We can look forward to a lot of changes this year.

First the stock market will have new trading hours. From March 5, it will extend trading hours by 30 minutes by cutting the lunch break to one hour, meaning the market will be open for 5.5 hours a day.

3 Jan 2012 - 12:00am

Derivative traders face S.F.C. scrutiny

The Securities and Futures Commission is seeking to extend its oversight of large players in the over-the-counter derivatives trade amid concern they could threaten market stability.

18 Oct 2011 - 12:00am

BRICS need to look closer to home for the cause of volatility

The BRICS have never been entirely convincing as a cohesive economic bloc. There are really very few similarities between Brazil, Russia, India, China and South Africa.

But at their summit yesterday on the island of Hainan, the five disparate economies did manage to find some common ground.

15 Apr 2011 - 12:00am

Shanghai gold futures trading opens but stringent rules draw flak

The gold futures contract launched by the Shanghai Futures Exchange today is another step in the liberalisation of mainland financial markets, but trading rules remain too restrictive for the contract to garner much interest outside of the mainland.

9 Jan 2008 - 12:00am

Carbon scheme seen as tough sell for HK

Plans for emission futures contract win praise but city will need to catch up with rivals

13 Dec 2007 - 12:00am

Index futures plan scares market

Shanghai Composite slides further amid fears exchange launch will trigger correction

The imminent launch of index futures in the mainland is increasingly spooking investors who fear it could herald a sharp correction in a market that has almost doubled this year.

14 Nov 2007 - 12:00am

Yuan futures to debut in August

Chicago exchange hopes derivatives will fill demand for hedging against currency

Chicago Mercantile Exchange (CME), the largest futures exchange in the United States, will launch the first yuan futures and options contracts this summer to capture growing investor demand to hedge against the Chinese currency.

21 Jun 2006 - 12:00am

Shanghai futures exchange likely to win nod for steel contracts

The Shanghai commodity futures exchange is likely to win approval to establish the mainland's first steel futures contract and trade options on copper futures contracts as early as the end of the year.

8 Jun 2006 - 12:00am

Derivatives boom over the counter

Asia's derivatives markets are booming, but much of the business is being done off-exchange as rules enforced by cautious regulators are pushing investors to find alternative ways to buy into the region's growth and manage their risk.

18 Mar 2006 - 12:00am

A giant leap for HK's market regulation

Cometh the moment, cometh the man. It looks to have taken an outsider to convince the government of the burning need to radically reform Hong Kong's stock market regulatory system. Making the Securities and Futures Commission the frontline regulator of listed firms represents one of the boldest decisions of this government. It threatens deep-set vested interests and promises real results.

22 Mar 2003 - 12:00am

Mainland stability imperative clouds timing of China derivatives exchange

If you took yesterday's announcement from the Shanghai Futures Exchange at face value, you would think modernisation of the mainland's markets was galloping along.

The exchange said it 'was ready to start trading' and had filed an application with the China Securities Regulatory Commission, according to news reports.

13 Aug 2002 - 12:00am

Futures go to Australia

The Hong Kong Futures Exchange has been granted exempt futures market status in Australia, allowing it to extend its remote trading access programme, now available in Britain and the United States. The arrangement would expand the distribution of Hong Kong's futures products to Australia and allow it to increase liquidity, it said.

14 Mar 2002 - 12:00am

Telecoms lead rebound

Hong Kong stocks staged a mini-rebound yesterday directed by the telecommunications sector.

The Hang Seng Index climbed 109.31 points or 1.05 per cent to end at 10,518.99 on a turnover of HK$6.28 billion.

9 Feb 2002 - 12:00am

Futures surge as players take shelter from volatile market

The number of derivatives products traded on the Hong Kong futures market grew 10 per cent last year despite an overall decline in the volume of stock market trading.

Brokers attributed the rise to the volatile stock market and increased demand by investors using derivatives to hedge their exposure.

Another reason was the fully electronic trading environment.

2 Jan 2002 - 12:00am