The Hong Kong Futures Exchange will today announce that Robert Gilmore is set to take over as its chief executive at the end of the year when Ivers Riley retires. Mr Gilmore, the former deputy chairman and executive director of the Securities and Futures Commission (SFC), has returned to Hong Kong from the United States to await his new appointment. Mr Gilmore worked for the SFC from 1989 to 1995 and has been in the US for the past two years. He is expected to start working soon with Mr Riley and will work as chief executive designate before Mr Riley's retirement. The futures exchange held a dinner last night to welcome Mr Gilmore and a working group from the New York Mercantile Exchange (Nymex), which will promote its trading system in Hong Kong this week. Nymex has linked up with the futures exchange and will soon introduce trading in its gold and oil products in Hong Kong through the electronic trading system. Mr Riley said about 10 members of the futures exchange had expressed interest in trading the Nymex products.