Permission has been granted by the Hong Kong Securities and Futures Commission for the Hong Kong Mercantile Exchange to start operating automated trading services on May 18 that the exchange said would “link China with the rest of the world”.
The move brings the exchange one step closer to
developing an electronic commodities exchange aimed at
increasing Asia’s participation in the global
To launch the new trading platform, the first
product offered will be a one kilo gold futures contract in US
dollars with physical delivery in Hong Kong.
"We are very excited about this historic day. It
allows us to establish a liquid and vibrant international
commodities exchange based in Hong Kong, linking China with the
rest of Asia and the world," said Barry Cheung, chairman of
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