The Hong Kong Mercantile Exchange (HKMEx), China’s global marketplace, has added China International Futures (Hong Kong) (CIFCO HK) as a broking member, making it the first international exchange to have signed up all six mainland Chinese futures firms which are authorized to conduct business in Hong Kong.
CIFCO HK’s addition significantly enhances HKMEx’s goal of providing global market participants with transparent price discovery and benchmark pricing for China-bound commodities. As such, HKMEx provides a unique platform for international and mainland users to trade commodities.
As a broking member, CIFCO HK will be able to trade for proprietary and client accounts on HKMEx’s electronic platform in the Asia-Pacific time zone. CIFCO HK is the Hong Kong branch of China International Futures Co. (CIFCO), one of the largest futures brokerages in China by trading volume and turnover.
HKMEx chairman Barry Cheung said, “We are excited to welcome CIFCO HK as our latest broking member. Having all six mainland Chinese futures companies on board will significantly boost our eExchange’s market leadership as the bridge between China’s fast-growing commodity markets with other international trading hubs. It will also no doubt contribute to the success of our upcoming renminbi-denominated copper and gold futures products.”
