The Hong Kong Mercantile Exchange (HKMEx), China’s global marketplace, announces today the addition of Marigold International Securities Limited as a broking member.
This is the Exchange’s third membership addition in 2013, bringing the total membership to 36. The firm will be able to utilise HKMEx’s electronic platform for commodities trading in the Asia Pacific time zone, both proprietarily and on behalf of clients, providing customers with improved access to both regional and international commodity trading market participants.
“We are excited to welcome Marigold to the HKMEx community,” said the Exchange’s Co-President Jane Wang. “With its solid and established presence in Hong Kong’s gold spot trading market, Marigold is a valuable addition to our platform as we continue to forge ahead in bridging the mainland Chinese commodity market with other international trading centres.”
Hudson Ngan, Executive Director of Marigold International Securities Limited, said: “HKMEx membership is a natural next step for us as we expand further into the international precious metals market. We are excited to offer our clients HKMEx’s innovative products and look forward to working closely with them to develop a vibrant commodity futures industry in the region.”
Established in 2009, Hong-Kong based Marigold International Securities offers a comprehensive range of investment management services including futures and securities trading.
HKMEx currently offers a 32 troy ounces (1 kilo) gold futures contract and a 1,000 troy ounces silver futures contract. Both are denominated in US dollars with physical delivery in Hong Kong. Going forward, the Exchange plans to launch gold, silver and copper contracts denominated in renminbi, followed by other products in precious and base metals, as well as energy, agriculture, and commodity indices. The Exchange has six clearing members and 30 broking members.