• Sat
  • Sep 20, 2014
  • Updated: 1:00pm

Trading

Failure of HKMEx 'just a ripple'

The demise of the Hong Kong Mercantile Exchange (HKMEx) would not affect the city's development of commodities trading, according to the Secretary for Financial Services and the Treasury Chan Ka-keung.

Friday, 7 June, 2013, 3:46am

Steel firms question price index for iron ore trade

Mainland steelmakers, the world's biggest iron ore buyers, are questioning the reliability of the main industry price index for ore provided by Platts, expressing concerns about transparency and trading volume.

30 May 2013 - 4:33am

All rain, no gain for HKEx as storm alert halts trading

Hong Kong's first black rainstorm warning since 2010 forced the stock exchange to halt trading yesterday morning, resulting in lost turnover of more than 10 per cent for the world's biggest exchange operator.

23 May 2013 - 4:27am

Rival's exit won't sway HKEx on commodities

Hong Kong Exchanges and Clearing will proceed with its plan to venture into commodities trading despite the failure of its short-lived rival.

22 May 2013 - 4:03am

Hong Kong Mercantile Exchange fails amid dearth of gold futures trading

The Hong Kong Mercantile Exchange's failure to come up with a viable gold futures business proved to be its undoing as it wilted under competition from more established domestic and international exchanges, market participants say.

20 May 2013 - 4:18am

Plunge in gold price puts a bad idea out of its misery

It looks as if the 20 per cent fall in the price of gold over the past six months has put the Hong Kong Mercantile Exchange out of its misery.

20 May 2013 - 4:18am 1 comment

Hong Kong Mercantile Exchange closes its doors

HKMEx chairman Barry Cheung Chun-yuen told the Sunday Morning Post that the decision to surrender the trading licence and not reopen for business tomorrow would have no impact on investors and that client contracts would be honoured.

19 May 2013 - 6:13am 4 comments

HKEx looks at link-up with mainland bourses on commodity sales

Hong Kong Exchanges and Clearing is looking at a link-up with the mainland's commodities exchanges to develop commodities trading in the city, chief executive Charles Li Xiaojia said yesterday.

25 Apr 2013 - 5:40am

Hong Kong's stock tipsters need watching

Stock tipsters are a dime a dozen in Hong Kong. Sky Cheung Shi-gaii at least has the dubious distinction of being the first to be punished by the Securities and Futures Commission. The broker was found using his investment column in Apple Daily between 2008 and 2010 to recommend stocks in which he took positions using his wife's undisclosed trading account.

12 Apr 2013 - 3:12am

Ex-Goldman Sachs trader pleads guilty to concealing trades

Under an agreement with the government, Matthew Taylor, 34, pleaded guilty to a single count of wire fraud on Wednesday before US District Judge William Pauley in a Manhattan federal court. He told the judge he took the position to boost his standing, and his bonus, at Goldman Sachs.

5 Apr 2013 - 5:10am

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