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Hong Kong Mercantile Exchange (; abbreviated as HKMEx) was an electronic commodities exchange established in Hong Kong for the trading of commodity futures, options and other financial derivatives. The exchange was originally pitched as a platform to trade oil futures.〔http://www.scmp.com/article/966285/hkmex-sets-launch-date-next-month HKMEx sets launch date for next month, South China Morning Post, 15 August 2012〕 In fact, it ended up trading mainly silver and gold futures.〔http://online.wsj.com/article/SB10001424127887324659404578504183782791330.html Hong Kong Commodities-Exchange Head Faces Probe, Wall Street Journal, 25 May 2013〕 The exchange provided standardised, cleared, and exchange-traded products on a transparent pricing platform to the Asia-Pacific time zone. It was created to eliminate market liquidity risks associated with Asian market participants trading in faraway commodities exchanges such as New York and London.〔Winn, Howard(【引用サイトリンク】publisher=South China Morning Post )〕 On 18 May 2013, the exchange ceased to trade upon surrendering its authorisation to provide automated trading services.〔 The Hong Kong Police have made a series of arrests in connection with the exchange, and are investigating its chairman, Barry Cheung.〔http://www.bloomberg.com/news/2013-05-27/hong-kong-police-make-fifth-arrest-in-hkmex-investigation.html Hong Kong Police Make Fifth Arrest in HKMEx Investigation, Bloomberg, 25 May 2013〕 == History == The exchange was announced at a Hong Kong press conference on 25 June 2008 by chairman Barry Cheung Chun-yuen. In attendance was Hong Kong Financial Secretary John Tsang who said there is "a huge opportunity for Hong Kong to develop a commodities futures market" in Hong Kong.〔Man-ki, Kwong〕 In March 2009, HKMEx appointed Albert Helmig, a former vice-chairman of NYMEX, as President of the exchange to lead day-to-day operations of the bourse. The exchange positioned itself as a trading forum located in Hong Kong – a jurisdiction entirely open to the free movement of capital and market participation by non-domiciled investors, while at the same time offering international market participants access to the booming mainland Chinese commodities market.〔 However, the China Securities Regulatory Commission denied authorisation to any offshore exchange to set up commodities futures delivery business.〔("Power broker" ). ''The Standard'', 31 May 2013〕 It was not a full brokerage, but was licensed by the Hong Kong Securities and Futures Commission (SFC) for automated trading services.〔 In June 2009, HKMEx and LCH.Clearnet agreed initial terms for LCH.Clearnet to provide clearing for the exchange. In September, HKMEx signed a contract with Hong Kong International Airport to use HKIA's Precious Metals Depository as a licensed storage venue for gold traded on the exchange. In December 2009, ICBC (Asia) acquired a 10% equity stake in the company, and said it intends to participate extensively in the exchange's operations as a trading and clearing member, as well as a settlement bank. This was followed by a June 2010 announcement that En+ Group, owned by Russia's Oleg Deripaska, had also purchased a 10% equity interest. On 18 May 2011, HKMEx formally began trading with a US dollar gold futures contract. In an interview with Reuters, Helmig said it plans to launch gold and silver futures contracts denominated in renminbi. He also said HKMEx will follow precious metals products with contracts in base metals, and then energy and agriculture.〔Wong, Fayen〕 On 22 July 2011, the exchange launched a second product, a US Dollar silver futures contract. Its headquarters were at Cyberport, occupying over 47,000 square feet. As of 5 pm on 13 February 2012, trading on HKMEx's gold and silver futures reached 1,003,210 contracts, representing total turnover of over US$50 billion (around HK$390 billion). Trading on the exchange's US-dollar gold futures for the first time surpassed the 10,000 contract mark on 4 June 2012. On 2 August 2012, the exchange appointed Jane Wang and William Barkshire as co-presidents, following the retirement of Albert Helmig. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Hong Kong Mercantile Exchange」の詳細全文を読む スポンサード リンク
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