HKMEx Adds Taiwan Concord Capital Securities As Broking Member - First Membership Addition This Year Follows Strong 2012 Growth

The Hong Kong Mercantile Exchange (HKMEx), China’s global marketplace, announces today the addition of Taiwan Concord Capital Securities (Hong Kong) Ltd as a broking member.

Bringing the total number of broking and clearing members to 34, Taiwan Concord Capital Securities further strengthens the Exchange’s steady membership growth, following last year’s 50 percent increase.

Taiwan Concord Capital Securities is a subsidiary of Taiwan’s Concord Securities Group, offering services ranging from futures and securities brokerage, to investment consulting, asset management, and investment banking. As a broking member, Taiwan Concord Capital Securities will have access to HKMEx’s electronic platform for commodities trading in the Asia Pacific time zone. The firm’s membership status will enable it to trade proprietarily and on behalf of clients. 

“We are proud to welcome our latest Taiwanese member onto HKMEx,” said HKMEx Co-President Jane Wang. “Its addition is highly significant given Hong Kong’s historical role in the continual development of cross-strait commerce. We look forward to working with Taiwan Concord Capital Securities as one of many future Taiwanese members in facilitating the further development of a vibrant commodities trade between China and Taiwan.”

Taiwan Concord Capital Securities Managing Director Odie Ou said, “With strong mainland Chinese and international membership, HKMEx is an ideal partner as our group continues to build its global trading platform and provide a wider range of products and services catering to our customers’ needs.”

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’s membership includes six clearing members and 28 broking members.