Eurex to Launch New Access Point in Hong Kong
Eurex announced May 24 that it will launch its new access point in Hong Kong in June. This will be the second Eurex access point in Asia. Access points offer Eurex member firms direct, high-speed and cost-effective network access to Eurex’s highly liquid trading platform. Currently, Eurex has five members based in Hong Kong – the newest member is Nanhua Futures (Hong Kong) Co. Ltd., which joined as a trading participant in April 2011.
Michael Peters, member of the Eurex Executive Board, commented: “We are pleased to offer our customers a high-performance connection to our exchange in this fast-growing region. The launch of our new access point in Hong Kong underpins our strategy of expanding in one of the most important Asian market.”
One of Eurex’s core strategic objectives is the expansion of its business activities in the Asia-Pacific region. Eurex has been operating an access point in Singapore since 2006. Representative offices in Hong Kong, Singapore and Tokyo were opened in 2009. Altogether, there are 19 members connected from the Asia-Pacific region, and several companies are in the admission process. The volume generated by members located in Asia has increased by 50 percent in the first quarter of 2011 compared to 2010.
With the launch of this new access point, Deutsche Börse and Eurex operate 14 access points in major international financial centers around the world: Amsterdam, Chicago, Frankfurt, Gibraltar, Helsinki, Hong Kong, London, Madrid, Milan, New York, Paris, Singapore, Vienna and Zurich.