HKEx to launch metals, coal futures contracts later in ’14

Apr 22, 2014 | 11:52 AM | Shivani Singh

Tags  LME, HKEx, London Metal Exchange, Hong Kong Exchanges & Clearing, aluminium, zinc, copper, thermal coal Charles Li

HONG KONG — Hong Kong Exchanges & Clearing Ltd. (HKEx) has confirmed it will launch four futures contracts—aluminum, copper, zinc and thermal coal—later this year.

"We want to be the Chinese exchange of choice for international clients," HKEx chief executive officer Charles Li said at an April 22 press conference in Hong Kong.

The commodities platform will be running by the third or fourth quarter, subject to regulatory approvals, to meet the needs of the industry in Asia and help to grow the bourse’s commodity footprint in the region, Li said. ....

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