Through the a/c/e access point in Hong Kong, CBOT® member firms and their affiliate companies may now secure direct electronic access to CBOT® products. Also, CBOT® can facilitate the connection of member firms operating in Hong Kong and in other locations around the world including, Japan, Europe, and the U.S, to the a/c/e platform via communications networks and hub access points.
CBOT® Chairman Nickolas J. Neubauer said, "Hong Kong has always had a strong presence in the financial community and the CBOT®, home of the most liquid, diverse, and well-regulated marketplace, is pleased to make this financial focal point a very important trading business center. By having a/c/e terminals in Hong Kong, in addition to the already existing locations in Japan, Europe, and the U.S., we are providing our worldwide customers the increased access they want to our markets."
Moreover, the SFC has imposed no restrictions on either the types of trades that may be carried out, or on the types of CBOT® contracts that may be traded via the a/c/e platform, provided that the trades comply with the rules of the CBOT® and that the CBOT® complies with various reporting and information provision requirements.
The operating hours on a/c/e are as follows (Chicago Time)
Financial products 8:00 p.m. to 4:00 p.m.
Agricultural products 8:30 p.m. to 6:00 a.m.
Metals and DowSM 8:15 p.m. to 4:00 p.m.
Since the launch, more than 13 million CBOT® contracts have been traded on the system with an average daily volume of more than 110,000. Moreover, a/c/e daily volume set a new record of 194,358 contracts on January 18, 2001.
The a/c/e platform, which is managed by the world’s two leading derivative exchanges, CBOT® and Eurex, was launched on August 27, 2000. The proven Eurex technology and its existing global distribution network is the gateway to CBOT® and Eurex products for global market users, providing members of both exchanges access to the world’s premier exchange-traded derivatives through a single trading screen.
