European derivatives market Eurex, joint owned by market operators Deutsche Börse and SIX Swiss Exchange, will open an access point for Hong Kong in June. This will be the second Eurex access point in Asia, the other having been operating in Singapore since 2006.
Access points offer Eurex member firms direct, high-speed and cost-effective network connections to the Eurex trading platform. Currently, Eurex has five members based in Hong Kong, AXT II, Ceptron, Eclipse Futures, GF Futures and Nanhua Futures (Hong Kong), which joined as a trading participant in April 2011.
Michael Peters, member of the Eurex Executive Board, said, “We are pleased to offer our customers a high-performance connection to our exchange in this fast-growing region. The launch of our new access point in Hong Kong underpins our strategy of expanding in one of the most important Asian markets.”
Expansion of its business activities in the Asia-Pacific region is one of Eurex's core strategic objectives. Representative offices in Hong Kong, Singapore and Tokyo were opened in 2009. A total of 19 members connect to Eurex from Asia-Pacific with several more currently in the admission process.
The volume of trading generated by members located in Asia increased by 50% in the first quarter of 2011 compared to 2010.
With the launch of this new access point, Deutsche Börse and Eurex collectively operate 14 access points in major international financial centres around the world: Amsterdam, Chicago, Frankfurt, Gibraltar, Helsinki, Hong Kong, London, Madrid, Milan, New York, Paris, Singapore, Vienna and Zurich.