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The Hong Kong Mercantile Exchange (HKMEx), China’s global marketplace, today welcomes the China-backed Industrial Securities (Hong Kong) Futures Ltd and Taiwan-backed Yuanta Futures (Hong Kong) Co. Ltd as its latest broking members – further strengthening HKMEx’s Greater China reach and enhancing the development of cross-strait futures trading.
The two new additions come on the heels of Hong Kong’s Marigold International Securities Ltd which joined HKMEx as a member just last week, bringing the Exchange’s total membership to 38.
“We are most excited to welcome Industrial Securities and Yuanta Futures as the fourth and fifth members to join our Exchange so far this year,” said HKMEx Co-President Jane Wang. “Both companies are leading brokerages with significant presence in their respective home markets. Together with Marigold International, they further deepen HKMEx’s reach in the Greater China region, bringing members and their clients enhanced connectivity within Asia and across global markets in addition to increased trading opportunities.”
Li Zhisen, General Manager of Industrial Securities (Hong Kong) Futures, said, “We are pleased to continue our push into the international commodity markets through HKMEx’s platform, and to add their distinctive product portfolio to our wide range of offerings. This will further boost our competitiveness in an increasingly globalised trading environment.”
Yuanta Futures President Maurice Lu said, “Yuanta is delighted to become a member of HKMEx. We look forward to working closely with the Exchange to provide round-the-clock trading for global futures products and expand our brokerage, advisory, management and proprietary trading businesses in Taiwan while continuing to integrate effectively our human capital, market intelligence as well as strategic assets to seek further global market opportunities.”
Industrial Securities (Hong Kong) Futures is a member of Industry Securities (Hong Kong) Financial Holdings Limited, a wholly owned subsidiary of Fujian-based Industrial Securities Company Limited. The Hong Kong futures-trading unit provides clients with trading services in a wide range of local and international futures and swaps, including base and precious metals, energy, agricultural products, foreign exchange, interest rates and bonds, as well as index futures.
Yuanta Futures (Hong Kong) is a subsidiary of Yuanta Futures, the first publicly-listed futures company in Taiwan and a member of Yuanta Financial Holdings Company Limited. Yuanta Futures operates 250 branches across Taiwan, offering futures products covering energy, precious metals, agricultural products, equities, bonds, interest rates, and foreign exchange.
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 32 broking members.
