HKEx plots to attract Chinese commodity volumes
The Hong Kong exchange is working on plans to attract liquidity from commodity traders in China, leveraging on its acquisition of the London Metal Exchange in 2012.
Hong Kong Exchanges & Clearing (HKEx) aims to launch a suite of commodity derivatives contracts on its newly acquired London Metal Exchange (LME), to potentially lure trading from bourses in China.
It forms part of the exchange’s plan to become “the derivatives capital of the world in the Asia time zone”, said HKEx chief executive Charles Li yesterday at the FOW Derivatives World Asia conference in Hong Kong.
His comments stand as the clearest indication yet of how HKEx plan…
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