Published On: Thu, May 12th, 2011

HKMEx Adds Two Broking Members

The Hong Kong Mercantile Exchange (HKMEx) announced May 12 the approval of two new broking members. This follows its recent authorization as an Automated Trading Services Provider (ATS), with the exchange set to formally begin trading on May 18.

The two firms, GF Futures (Hong Kong) Co., Limited and Nanhua Futures (Hong Kong) Co., Limited, will join 16 other firms as members of HKMEx. This enables them to trade commodities contracts on the Exchange’s state-of-the-art electronic trading platform.

GF Futures (Hong Kong) provides brokerage and advisory services for global futures and options contracts listed on major international exchanges. Nanhua Futures (Hong Kong) provides diversified and comprehensive products and platforms for international futures trading. The firms are two of the largest Mainland brokers permitted to conduct futures business in Hong Kong.

Barry Cheung, Chairman of HKMEx, said: “We proudly welcome GF Futures (Hong Kong) and Nanhua Futures (Hong Kong) on board as our newest broking members. Their status as two well-established futures brokerages with strong networks in Mainland China reinforces our exchange’s goal to become the gateway for the world’s commodities trade with China. We look forward to providing their Mainland Chinese clients with access to global commodities markets, dealing with products that are tailored to their specific needs.”

HKMEx announced on April 27 its authorization by Hong Kong’s Securities and Futures Commission to operate as an ATS provider and its trading debut on May 18.

The two firms join 16 previously-announced members, including 13 broking members. The broking members are: BOCI Securities Ltd, Celestial Commodities Ltd, CES Capital International Co. Ltd, Chief Commodities Ltd, ICBC International Futures Ltd, Interactive Brokers LLC, KGI Futures (Hong Kong) Ltd, MF Global Hong Kong Ltd, Morgan Stanley Hong Kong Securities Ltd, OSK Futures Hong Kong Ltd, Phillip Commodities (HK) Ltd, Tanrich Futures Ltd and TG Securities Ltd. The three clearing members are: Interactive Brokers (UK) Ltd, MF Global UK Ltd, and Morgan Stanley & Co International Plc.

The first product to trade on the Exchange will be a 32-troy ounce gold futures contract offered in US dollars with physical delivery in Hong Kong. Trading hours will be 0800 to 2300 Hong Kong Time, overlapping commodity markets in Europe and the US. In the pipeline are standardised products which will either be physically or financially settled, covering precious and base metals, energy, agriculture and commodity indices.

香港,2011年5月12日 -香港商品交易所(“港商交所”)今天宣布,继最近获认可为自动化交易服务(ATS)供应商后,港商交所再增添两名新会员,准备于5月18日正式开始交易。

该两间公司分别是广发期货(香港)有限公司和南华期货(香港)有限公司,他们将与另外16间会员公司成为港商交所经纪会员。他们可以利用港商交所的先进电子平台进行商品合约交易。

广发期货(香港)为主要国际交易所上市的环球期货和期权合约提供经纪和咨询服务,而南华期货(香港)则为国际期货交易提供多元化及全面的产品和平台。他们是国内获准在本港经营期货业务的最大经纪商的其中两间。

香港商品交易所主席张震远表示︰“对于广发期货(香港)和南华期货(香港)加入港商交所成为最新经纪会员,我们引以为荣。这两间期货经纪商地位稳健,而且已在中国内地建立强大网络,他们的加盟令港商交所朝着成为全球与中国商品交易首要桥梁的目标更进一步。我们期望为这两间公司的中国内地客户提供渠道进入环球商品市场,以及买卖以他们需要为主导的产品。”

港商交所在4月27日宣布获香港证券及期货事务监察委员会认可成为自动化交易服务(ATS)的供应商。

除这两间公司之外,港商交所先前已公布16位会员,包括13位经纪会员:中银国际证券有限公司、时富商品有限公司、东航国际金融有限公司、致富期货商品有限公司、工银国际期货有限公司、盈透有限公司、凯基期货(香港)有限公司、明富环球香港有限公司、Morgan Stanley Hong Kong Securities Ltd、侨丰期货有限公司、辉立商品(香港)有限公司、敦沛期货有限公司及汇泽证券有限公司,而3位清算会员则包括Interactive Brokers (UK) Ltd.、MF Global UK Limited及Morgan Stanley & Co International Plc。

港商交所开始交易时,第一个合约为32金衡盎司黄金期货合约,合约以美元报价并在香港进行实物交收。交易时段为香港时间早上08:00时至晚上11:00时,覆盖欧美商品市场交易时段。港商交所亦计划推出其他标准产品,并会以实物交割或现金结算,其中包括贵金属和工业金属、能源、农业以及商品指数等。

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