Derivatives trading platform NYSE Liffe, a subsidiary of global exchange group NYSE Euronext, has received permission from the Hong Kong Securities and Futures Commission to provide automated trading services in Hong Kong.
The regulatory approval means that NYSE Liffe can now provide remote membership and direct connectivity to derivatives traders in Hong Kong who want to trade on the London market of NYSE Liffe, via its electronic platform, Liffe Connect.
Previously, traders in Hong Kong had to connect to NYSE Liffe via order routing or other indirect means. Market participants in Japan and Singapore already have direct access to the platform.
Buy-side users in the region will also be able to use the sponsored access facilities of sell-side counterparts to access all NYSE Liffe markets. “We will increase our contact with the buy-side community to provide information and support on our products and services,” said Alan Van Griethuysen, business head for Benelux and Asia, NYSE Liffe.
“We are delighted to be able to offer our growing customer base in Hong Kong direct and quicker access to our products,” added Garry Jones, group executive vice president and head of global derivatives, NYSE Euronext. “Asia is an increasingly important market for us and we are committed to developing our business in the region.”