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Stock exchange group Hong Kong Exchanges and Clearing Limited (HKEX) has announced its plans to launch renminbi currency futures contracts against the Indonesian rupiah and the Malaysian ringgit “sometime in the coming months”, according to Chief Executive, Charles Li.
The news follows February’s announcement to introduce several new futures contracts across a total of seven sectors of its stock market in May 2016
There has been a growing push by HKEx, one of the top five exchanges in Asia, to diversify its revenue streams away from its traditional equity trading business because of weak stock markets. Investor demand for ... (read more)