NYSE Liffe to open new office in Hong Kong

NYSE Liffe, the global derivatives business of exchange group NYSE Euronext, is to open a new office in Hong Kong this week.
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NYSE Liffe, the global derivatives business of exchange group NYSE Euronext, is to open a new office in Hong Kong on 1 December 2011.

NYSE Technologies already has an office in Hong Kong, while NYSE Liffe is present in Singapore and Tokyo.

The new Hong Kong office will be headed by Cecelia Zhong, head of business development China, who previously managed NYSE Liffe’s China initiatives from London. Zhong and her team have been tasked with strengthening the firm’s strategic exchange alliances in China and Hong Kong, as well as generating business from Chinese investors for NYSE Liffe’s markets.

“Today’s markets are increasingly interconnected and global,” said Garry Jones, group executive vice president and head of global derivatives at NYSE Euronext. “Our local presence will reinforce our franchise as we advance our business partnerships in mainland China and Hong Kong.”

NYSE Liffe recently received regulatory approval from Brazilian securities regulator the Comissão de Valores Mobiliários to offer direct electronic access to its London market for Brazilian firms, in July 2011.

NYSE Liffe says it currently trades approximately £1.8 trillion in equities, interest rates, indices and commodities daily, making it the world’s second-largest derivatives exchange by value of transacted business, after the Chicago Mercantile Exchange.

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