Chief Executive Frederick J. Grede rang today's closing bell and the Exchange held a reception after the HSI markets closed to honor floor traders and floor staff for their contributions to the Exchange.
"Floor trading has made a tremendous contribution to the development of the Hong Kong Futures Exchange," Mr. Grede said. "And the people who have worked on the floor over the years have played a key role in the success of the Exchange.
"I've spent my career around floor trading and there is nothing like it," Grede added. "But something better has come along and all the growth opportunities are now with electronic trading. This is the end of an era and a time of transition, but there are a lot more opportunities on the other side."
