derivative securities in Hong Kong Exchange

1. Background Introduction of Hong Kong Stock Exchange
1.1 History
1.2 Current Situation
2. Derivative Securities in HKEx
2.1 Summary Statistics of Derivative Securities
2.2 Comparison with Similar Derivatives in Other Exchanges
2.3 Two Interesting and Special Products in HKEx
3. The Contract specifications of the Two Interesting Products
3.1 RMB Currency Futures – USD/CNH Futures
3.2 BRICS Futures
4. Two Trading strategies of the Two Interesting Products
4.1 RMB Currency Futures
4.2 BRICS Futures5. Comments
1. Background Introduction of Hong Kong Stock Exchange
1.1 History
The history of the securities exchange began formally in the late 19th century with the first establishment in 1891, though informal securities exchanges are known to have been in existence since 1861. The exchange has predominantly been the main exchange for Hong Kong despite co-existing with other exchanges at different points in time. After a series of complex mergers and acquisitions, in the twentieth century, HKSE remains the core. Hong Kong Government, the single largest shareholder of HKEx, holds 5.88% shares and has the right to appoint six of the thirteen directors to the Board. Hong Kong Exchanges and Clearing is the holding company for the exchange. 1.2 Current Situation
The Hong Kong Stock Exchange (SEHK) is a leading global operator of exchanges
and clearing houses based in Hong Kong, and is Asia’s second largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange. In December 2012, HKEx accomplished its acquisition to the London Metal Exchange (LME), the world’s premier metal exchange since its founding in 1877, which has a dominant global position in base metals trading. Now, with a total market capitalisation of over US$2.9 trillion as of 30 January 2014, the HKEx ranked sixth in the world at the time by market capitalisation of listed companies. As of 30 November 2013, the Hong Kong Stock…

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