Hong Kong Derivatives Trading Sets Record High In 2016

Law360, New York (January 9, 2017, 7:24 PM EST) -- The owner of the Hong Kong Stock Exchange released its year-end statistics Monday, which found that its derivatives market hit record highs in 2016, just one week before it rolls out a new volatility control mechanism aimed at preventing wild price swings in that market.

Hong Kong Stock Exchanges and Clearing Ltd., which operates the territory’s stock and derivatives exchanges, said the total turnover of futures reached 84.1 million contracts in 2016, up about 14 percent from the 73.5 million contract record set in 2015, according...
To view the full article, register now.