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Topic: Hong Kong Futures Exchange


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In the News (Tue 8 Dec 09)

  
  99-25
This position also is contingent on the continued compliance by the HKFE with all regulatory requirements imposed by the SFC and the applicable statutes of Hong Kong.
Section 12(e) of the Commodity Exchange Act prohibits the application of any federal or state statute to a transaction that is conducted on or subject to the rules of a foreign exchange "except as otherwise specified by the Commission by rule or regulation." 7 U.S.C. § 16(e) (1994).
In evaluating requests for no-action relief with regard to foreign futures contracts based on foreign stock indices, the Commission generally examines whether a surveillance sharing arrangement exists between the futures exchange and the securities exchange on which the underlying stocks are traded.
www.cftc.gov /tm/letters/99letters/tm99-25.htm   (1550 words)

  
 Hong Kong Stock Exchange - Wikipedia, the free encyclopedia
SEHK: 0388) is the stock exchange of Hong Kong.
Hong Kong Exchanges and Clearing Limited (HKEx, 香港交易及結算所有限公司, also 香港交易所 or 港交所) is the holding company of The Stock Exchange of Hong Kong Limited, Hong Kong Futures Exchange Limited and Hong Kong Securities Clearing Company Limited.
Hong Kong Exchanges and Clearing Limited is listed on its own exchange.
en.wikipedia.org /wiki/Hong_Kong_Stock_Exchange   (206 words)

  
 00-75
HKFE is a for-profit, derivatives exchange that was incorporated under the Companies Ordinance of Hong Kong ("Companies Ordinance") in 1976 and licensed as an Exchange Company by Hong Kong's Governor in Council during the same year.
HKFE represents that its network is operated to achieve 99.9% availability and that the availability and the capacity of the network are monitored in real time by a system implemented by the operation center in Hong Kong.
HKFE Rules are applicable to trading on HKATS without regard to jurisdictional boundaries because the obligations thereunder arise by virtue of the contractual relationship between HKFE and Exchange Participants.
www.cftc.gov /tm/letters/00letters/tm00-75.htm?format=printable_xhtml   (9002 words)

  
 IMF Report on Observance of Standards and Codes: People's Republic of China--Hong Kong Special Administrative Region
The Hong Kong SAR authorities consider transparency in the policy-making framework and regulatory practices to be central for successful economic management and this is reflected in their approach to many of the issues discussed in this report.
As at June 24, 1999, Hong Kong SAR still had five data dimension transition plans, affecting two data categories, (for the coverage and timeliness of the balance of payments, and for the coverage, periodicity and timeliness of the data on the international investment position) remaining to be completed.
Hong Kong SAR has a well structured supervisory agency and a highly transparent legal and regulatory framework for banking and supervision, which is consistent with the transparency aspects of the Basle Core Principles.
www.imf.org /external/np/rosc/hkg   (11193 words)

  
 CNN.com - Hong Kong exchange looking abroad - August 26, 2002
HONG KONG, China (CNN) -- The Hong Kong stock exchange on Monday said it is looking to invest in overseas markets but declined to comment on a report that deals are being planned.
That was created from the reserves of the Hong Kong Stock Exchange, the Hong Kong Futures Exchange and three clearing houses when they all merged to form HKEx in early 2000.
The Shanghai stock exchange, a potential rival to Hong Kong, has confirmed it is looking to establish an alliance with the Tokyo Stock Exchange that could see stocks listed in both countries.
edition.cnn.com /2002/BUSINESS/asia/08/26/hk.exchange   (507 words)

  
 Suspension of bank shocks Hong Kong
Hong Kong's Securities and Futures Commission said Peregrine's activities had been restricted with immediate effect "pending clarification of the position of the group".
The Hong Kong Futures Exchange limited the activities of Peregrine to liquidation of its positions, while the commission restricted its activities on both securities and futures trading.
Shock news of its trading suspension coincided with a 0.75-point hike in prime lending rates to 10.25pc by Hong Kong's major banks, and both are expected to have a devastating impact on the region's financial markets when they open on Monday.
www.telegraph.co.uk /htmlContent.jhtml?html=/archive/1998/01/10/chong10.html   (603 words)

  
 Top 30 Options & Future Exchanges In The world
KCBT wheat futures have a record of consistent growth, and volume in 1999 was twice that of 20 years earlier.
New York Mercantile Exchange (NYMEX) - The New York Mercantile Exchange, Inc., is the world's largest physical commodity futures exchange and the preeminent trading forum for energy and precious metals.
The Exchange pioneered the development of energy futures and options contracts nearly 25 years ago as means of bringing price transparency and risk management to this vital market.
www.forexlisting.com /top_30_options_futures_exchanges.asp   (1965 words)

  
 [No title]   (Site not responding. Last check: 2007-10-12)
The Helsinki Exchanges (HEX Ltd., Helsinki Securities and Derivatives Exchange and Clearing House) was formed at the beginning of 1998 following the merger of the Helsinki Stock Exchange Ltd. and SOM Ltd., the Securities and Derivatives Exchange, and the Clearing House.
An accounting term that refers to the exchange rate in effect at the time an asset or liability is acquired.
An assumption of Markowitz portfolio construction that investors have the same expectations with respect to the inputs that are used to derive efficient portfolios: asset returns, variances, and covariances.
www.tectrad.com /translation-english/dictionaries/financial/bfglosh.htm   (2445 words)

  
 Terms for merger of HK bourses released   (Site not responding. Last check: 2007-10-12)
Hong Kong, Sept 3: The Stock Exchange of Hong Kong and The Hong Kong Futures Exchange Ltd on Friday released proposed terms for the merger of the two exchanges that valued the new entity well below current market ratings.
Based on a cash offer for members' shares in the two exchanges of HK$3.88 a share and combined pro-forma earnings of HK$538.86 million ($69.39 million) for the year ended June 1999, the shares are valued at 7.69 times earnings, according to merger documents issued by the exchanges.
That exceptional item was the stock exchange's contribution to a compensation fund used in early 1998 to compensate customers of members that went bankrupt in the wake of the Asian financial crisis.
www.expressindia.com /fe/daily/19990904/fma04042.html   (445 words)

  
 American Capital - Glossary   (Site not responding. Last check: 2007-10-12)
A portfolio consisting of the long position in the stock and the long position in the put option, so as to be riskless and produce a return that equals the risk-free interest rate.
The risk of loss in foreign exchange trading that one party will deliver foreign exchange but the counterparty financial institution will fail to deliver its end of the contract.
An accounting term that refers to the exchange rate in effect when an asset or liability was acquired.
www.americancapital.com /resources/glossary/bfglosh.cfm   (1221 words)

  
 Latest Issue   (Site not responding. Last check: 2007-10-12)
At the beginning of March, the HKFE officially became a subsidiary of the Hong Kong Exchanges and Clearing Corporation (HKEx), and the listing of shares in the new entity has been moved to June.
The exchange is now seeking comment on the proposal to abolish fixed minimum commissions by April 1, 2002.
Within Asia, major exchanges such as the Singapore Exchange, the Hong Kong Futures Exchange and the Sydney Futures Exchange have announced their intention of hooking up with a European or US partner.
www.riskpublications.com /asiarisk/regulars/inbrief-0400.htm   (638 words)

  
 Exchange Information
The HKFE defines valid ranges for trade executions based on certain price parameters.
If a trade took place at a level equal to or greater than the Price Parameters, an "error trade" claim can be submitted directly to the exchange no later than 10 minutes after the trade is executed.
The exchange will charge HK$3,000 to IB, and IB will pass this fee onto the customer.
www.interactivebrokers.com /cgi-pub/exchange_display_web.pl?einfo=hongKong2&file=HKFE.html   (74 words)

  
 Exchange Handbook: Hong Kong Futures Exchange Limited To Revise Margins For Microsoft Corporation Futures Contract   (Site not responding. Last check: 2007-10-12)
Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), will revise the margin rate for Microsoft Corporation Futures Contract with effect from 18 February 2003, due to a two-for-one stock split.
With effect from the commencement of trading on Tuesday, 18 February 2003, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contracts will be as outlined in the table below.
HKFE emphasised that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.
www.exchange-handbook.co.uk /news_story.cfm?id=41414   (205 words)

  
 Hong Kong   (Site not responding. Last check: 2007-10-12)
Merrill Lynch's office in Hong Kong is also the regional headquarters for the firm's extensive operations in the Asia Pacific region.
Approximately 700 employees work in the Hong Kong office, and the majority are engaged in supporting the firm's activities in mainland China.
Merrill Lynch is a member of the Hong Kong Futures Exchange and the Stock Exchange of Hong Kong.
www.ml.com /index.asp?id=7695_16237_16240_16248   (177 words)

  
 SEC Quarterly Review JUL-SEP, 1999
Hong Kong Exchanges Implements OM’s clearing system and strengthens its derivatives market infrastructure: With OM’s SECUR Clearing System, Hong Kong Exchanges and Clearing Limited is strengthening its derivatives market infrastructure with the implementation of the SECUR clearing system developed by OM group, the Swedish company that owned the Stockholm Stock Exchange.
Hong Kong Exchanges also expects to enter into a five-year support agreement with OM for the CLICK system which the Exchange purchased from OM in 1994.
Hong Kong Exchanges is the publicly listed holding company of The Stock Exchange of Hong Kong Limited, Hong Kong Futures Exchange Limited, and Hong Kong Securities Clearing Company Limited.
www.secbd.org /omijanmar2001.html   (851 words)

  
 [No title]
Introduction Use of FX futures and forwards: World's largest FX futures exchanges: Forward contracts are traded: Most futures exchanges are relatively modern.
For example: the futures exchange in Sydney opened in ____; in Hong Kong the futures exchange opened in _____; in London the year was _____; in Singapore the year was ____; and, in Tokyo the year was _______.
The oldest modern futures exchange is the _____ which opened in 1848.
www.umsl.edu /~busahanc/fxfutures.doc   (584 words)

  
 Hong Kong Futures Exchange Ltd. (Contracts) Business Articles From AllBusiness.com   (Site not responding. Last check: 2007-10-12)
The Hong Kong Futures Exchange (HKEx) began trading futures on the Dow Jones Industrial Average last month, bringing Dow futures to that region of the world.
The Hong Kong Futures Exchange has agreed to purchase a SECUR derivatives clearing system from Swedish technology group OM AB (formerly OM Group) as part of a SK120 million ($11.7 million) five-ye...
Coming attractions I. The Hong Kong Futures Exchange (HKFE) has requested no action relief from the CFTC for its Hang Seng Index futures, which would allow their offer or sale to U.S. citizens.
www.allbusiness.com /periodicals/topic/2707386-1-2.html   (342 words)

  
 Hong Kong   (Site not responding. Last check: 2007-10-12)
Overview of Hong Kong from the 1997 CIA World factbook.
If they got just a whiff that there was going to be a devaluation of the Hong Kong dollar in relation to the US dollar everybody would switch out of Hong Kong dollars, into US dollars and the banking system would be brought to its knees.
Hong Kong Securities and Futures Commission - industry regulator for the trading of securities, futures, and leveraged foreign exchange.
www.utstat.utoronto.ca /kerry/hk.html   (143 words)

  
 Indonesia NET Exchange : AFX InfoPage   (Site not responding. Last check: 2007-10-12)
HONG KONG (AFX-ASIA) - The Hong Kong Futures Exchange Ltd has been granted exempt futures market status in Australia, the Hong Kong Exchanges and Clearing Ltd said.
The Hong Kong Futures Exchange will now be able to extend its remote trading access programme to Australia, subject to the fulfillment of certain conditions.
The trading programme allows Hong Kong Futures Exchange participants to offer their clients direct access to the Hong Kong Automated Trading System for futures and options on the Hong Kong Futures Exchange.
www.indoexchange.com /afx/afxasia-hongkong/afx-sample01.htm   (176 words)

  
 XPRESSTRADE: For Immediate Release: PR7
XPRESSTRADE'S goal is to give traders one-click access to all leading futures exchanges around the globe, and the company expects to expand access to additional markets in the future.
XPRESSTRADE places one of the futures industry's most powerful arsenal of tools and services–including 24-hour Internet trading, real-time quotes/charts/news, and marked-to-the-market account information–at the fingertips of self-directed futures and option traders, thereby empowering them and giving them unparalleled convenience and control.
XPRESSTRADE is registered with the National Futures Association as a Futures Commission Merchant and clears through ADM Investor Services, a wholly-owned subsidiary of the Archer Daniels Midland Company, one of the world's largest processors and marketers of agricultural commodities.
www.barkley.org /xt/e27_pr7.shtml   (501 words)

  
 Hong Kong Stock Exchange Directory
Hong Kong's stock market is one of the world's largest in terms of market capitalization.
In 1999, the launching of the Tracker Fund of Hong Kong (TraHK) by the Exchange Fund Investment Limited was greeted with much fanfare from the public.
Hong Kong has almost 700 securities and futures companies, with many of the largest being branches or associates of international firms, which take the lion's share of the business.
www.worldroom.com /pages/wrnhk/banking/hk_stock.phtml   (418 words)

  
 Exchange Handbook: Hong Kong Futures Exchange Limited: Margin Parameters And Margin Offset For Mini-Hang Seng Index ...   (Site not responding. Last check: 2007-10-12)
Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has announced the margin parameters and margin offset for Mini-Hang Seng Index (Mini-HSI) Options, which will commence trading on 18 November (Monday).
Mini-HSI Options will be margined based on the margin rate for Mini-HSI Futures and will be equal to one-fifth of the margin amount collectable on a HSI Options with identical strike price and expiry contract month.
HKFE and the Clearing House have decided to allow margin offset of 100% between HSI Futures and Options and Mini-HSI Futures and Options at the ratio of 1:5.
www.exchange-handbook.co.uk /news_story.cfm?id=40310   (206 words)

  
 Hong Kong Stock Exchange - China Trade - China Economy and China Trade
The Hong Kong Stock Exchange (SEHK) is the stock exchange of Hong Kong.
Hong Kong Exchanges and Clearing Limited (HKEx) is the holding company of The Stock Exchange of Hong Kong Limited, Hong Kong Futures Exchange Limited and Hong Kong Securities Clearing Company Limited.
Hong Kong Exchanges and Clearing Limited is listed on its own exchange (sehk0388 (http://www.hkex.com.hk/invest/index.asp?id=company/quote_page_e.asp?WidCoID=0388&WidCoAbbName=&Month=&langcode=e)).
www.famouschinese.com /virtual/Hong_Kong_Stock_Exchange   (168 words)

  
 Singapore:Singapore raises stakes in exchange battle
MANY in Hong Kong have dismissed Singapore's chances of ever mounting a serious challenge to the SAR's stock and futures bourses.
The Hong Kong stock and futures exchanges would be wise not to do the same with Singapore's bourses breathing down their necks.
The Hong Kong Futures Exchange (HKFE) has broken with Hong Kong's traditional laissez-faire approach by threatening to block information vendor Reuters from providing real-time price data to Morgan Stanley Capital International (MSCI), which produces the index on which the Simex product would be based.
www.singapore-window.org /81106sc2.htm   (1258 words)

  
 ZoomInfo Web Summary: Bill Kwok   (Site not responding. Last check: 2007-10-12)
Hong Kong Futures Exchange (HKFE) announced that Dr Kwok Chi-piu, Bill has been elected Vice-Chairman of the Board, with immediate effect.
"Hong Kong, with one of the region's most sophisticated bases of investors, is demanding access to hedge funds that will deliver risk adjusted returns," said Bill Kwok, Director of Wing On and Managing Director of Wocom.
This year, we are honoured to have Dr Bill Kwok, Board Director of the HKSI, as Chairman of the Asian Securities Analysts Federation (ASAF), it will ensure Hong Kong continues to play a key role in the ASAF organisation.
www.zoominfo.com /directory/Kwok_Bill_3665344.htm   (283 words)

  
 ZoomInfo Web Summary: Zhou Yuan   (Site not responding. Last check: 2007-10-12)
HKFE Press Releases: Hong Kong Futures Exchange on the...
Zhou Yuan Appointed Chief Financial Officer of Hong Kong Futures Exchange
The Hong Kong Futures Exchange announced the appointment of Mr Zhou Yuan as Chief Financial Officer of the Exchange and Chief Executive Officer of HKFE Clearing Corporation.
www.zoominfo.com /directory/Yuan_Zhou_35826575.htm   (90 words)

  
 SPAN User Updates 1998   (Site not responding. Last check: 2007-10-12)
The New York Board of Trade (the exchange resulting from the recent merger of the Coffee Sugar Cocoa Exchange and the New York Cotton Exchange) has advised us that it has postponed the elimination of the separate SPAN files for CSC, NYC and CFE until Friday, January 15, 1999.
Shortly after November 13, when the TF futures will first be included in the daily SPAN file, the type "9" records for the individual Treasury securities will begin to be included on a daily basis.
This change is part of the implementation of quarter-tick trading in the lead futures contract (and the lead non-serial options contract), and half-tick trading in all subsequent contracts out through the fifth year.
www.cme.com /clearing/rmspan/printerFriendly/spnuu199810711.html   (6321 words)

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