DERIVATIVES

Euronext expansion puts investors in reach of Hong Kong

Euronext have announced that it will soon provide automated trading services to domiciled clients in Hong Kong after approval was received from the Hong Kong Securities and Futures Commission.

October 29, 2015 2:10 PM GMT

Euronext have announced that it will soon provide automated trading services to domiciled clients in Hong Kong after approval was received from the Hong Kong Securities and Futures Commission.

As a result of the new service, Euronext will now be able to offer clients direct access and membership to their own derivatives markets in Paris. 

The announcement is the second in quick succession for the European stock exchange operator after their recent launch of the AtomX service- designed to allow investors the option to customise their trade options and futures.

“China is at the core of our expansion plans and this approval is another milestone in our strategy to facilitate investment in our markets from the Chinese investment community,” said Lee Hodgkinson, head of global markets and sales, Euronext.

“We can now provide clients in Hong Kong direct access to a wide range of our derivatives contracts including CAC40 index futures and options, as well as our benchmark milling wheat and rapeseed commodities.”

The new plans are expected to increase expansion in the Far East with China in particular at the heart of the new plans.  

“We are very glad that Euronext has successfully gained the approval from Hong Kong SFC to publicly promote membership services for local firms. HGNH International, a fully-owned subsidiary of Nanhua Futures, will be active in becoming one of the first members of Euronext in Hong Kong,” said David Luo, general manager of Hong Kong brokerage, Nanhua Futures.