The international derivatives exchange Eurex announced today that it has admitted Nanhua Futures (Hong Kong) Co. Ltd. as a new trading participant based in Hong Kong. Nanhua Futures is the Hong Kong subsidiary of one of the leading futures brokers from the People's Republic of China.
David Luo, CEO of Nanhua Futures, said, “We are very honored to become a member of one of the leading derivatives exchanges in the world. Nanhua is committed to providing its clients with high-quality services, high efficiency and expertise. Being a member of Eurex will further leverage our business and our services and could help us to even better meet clients’ needs. Moreover, it could enable Nanhua to develop the internationalisation further.”
“We are very pleased to admit Nanhua Futures to our global member network”, said Michael Peters, member of the Eurex Executive Board. “Through this connection, Nanhua Futures can offer its customer base direct and reliable access to our international trading network out of Hong Kong. We are currently experiencing a growing interest from clients headquartered in China demanding direct access to our global product suite.”
One of Eurex’s core strategic objectives is the expansion of its business activities in the Asia-Pacific region. Representative offices in Hong Kong, Singapore and Tokyo were opened in 2009. Currently, there are five Hong Kong-based Eurex members, of which Nanhua is the second Chinese broker that has been admitted. Altogether, there are 19 members connected from the Asia-Pacific region, and several more companies are in the admission process. The volume generated by the Asian members has increased by one-third in 2010 compared with 2009.
