Open interest hits all-time high in Renminbi futures on HKEX LeapRate

February 11, 2016 BY Mike Fox

Open interest hits all-time high in Renminbi futures on HKEX

Hong Kong Exchanges and Clearing Limited (HKEX) the Hong Kong securities and derivatives market announced another record-setting day today for HKEX’s RMB Currency Futures contracts. Open interest hit an all-time high of 32,009 contracts (US$3.2 billion notional), and volume on February 11th hit 7,711 contracts (US$771 million notional), the second highest ever. Today was also the fourth consecutive…

January 21, 2016 BY Mike Fox

HKEX unveils new logo as it rolls out its "Strategic Plan 2016-2018"

"We aim to build new price discovery capabilities, benchmarks and risk management tools in fixed income, currency and commodities to complement our well-established equity and equity derivatives business." - HKEX Chairman C K Chow Hong Kong Exchanges and Clearing Limited (HKEX) today announced its Strategic Plan 2016-2018, outlining the development roadmap for HKEX and Hong Kong's…

December 28, 2015 BY LeapRate Staff

HKEx to extend rebate scheme for RMB currency futures

Hong Kong Exchanges and Clearing Limited (HKEx) announced today they will be extending incentives to solidify the development of its RMB currency futures market. Renminbi (RMB) currency futures contracts continue to serve as an effective risk management tool in periods of unexpected US dollar/Offshore RMB volatility. “As an international financial centre adjacent to Mainland China, Hong Kong…

December 21, 2015 BY Mike Fox

Hong Kong Exchanges record 19% YoY rise in trading for 2015; RMB currency futures hit new volume record high

Turnover of RMB Currency Futures was 243,443 contracts from January 1, 2015 to December 15, 2015, exceeding the full-year record high of 205,049 contracts in 2014.

October 12, 2015 BY Mike Fox

Hong Kong Exchanges to introduce more Renminbi based futures contracts

The addition of the three Renminbi-denominated mini metals contracts will expand the range of commodities products HKEx offers, broaden its base of potential market participants and provide more arbitrage opportunities.

July 06, 2015 BY LeapRate Staff

KVB Kunlun shares down (another) 27% Monday as traders dump stock

After a week which saw its shares fall 16% (culminating a 29% drop since early June), things didn't get better today as Hong Kong retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) saw its shares in freefall on Monday in HKEx trading. KVB shares dropped from Friday's close of HK$1.25 by more than 27%…

June 09, 2015 BY Maria Nikolova

KVB Kunlun's share price down 11% on disappointing CITIC offer

Shares in KVB lost 11% today, closing at their lowest level since end of March 2015, as investors reacted to CITIC's offer for the rest of the broker's capital.

February 18, 2015 BY Maria Nikolova

Trading in KVB Kunlun shares remains suspended pending deal announcement

KVB Kunlun Financial Group Ltd (HKG:8077), the Hong Kong-focused retail Forex broker, issued an update on trading in its shares earlier today. No major piece of news was announced, with the broker simply stating that trading in its shares will remain suspended until it prepares the official release of a deal with the purchaser. KVB…

January 20, 2015 BY LeapRate Staff

KVB Kunlun reports no progress on sale of the company

Nearly two months after it had first reported that an acquirer had emerged to make a HK$0.65 bid for the company, Hong Kong retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has provided an update, and in truth it isn't much of one. KVB has made a further filing with the Hong Kong Exchange (HKEx)…

November 25, 2014 BY LeapRate Staff

KVB Kunlun sale to take place at HK$0.65 per share, shares plummet

Breaking Forex News... The next step in the KVB Kunlun sale saga has taken place, with the company disclosing some important - yet surprising - information. Specifically, KVB's major shareholder, Mr. Li Zhi Da, has agreed to tender most of his 75% stake in KVB to a still unnamed acquirer for HK$0.65 per share, valuing…

Tag: HKEX