You are here
Becoming deliverable, Hong Kong gold futures contract succeeds
Third Time Lucky for Hong Kong Bourse as Gold Futures Trading Gets Off to a Glittering Start
By Enoch Yiu
South China Morning Post, Hong Kong
Sunday, August 27, 2017
The Hong Kong stock exchange's successful launch last month of gold futures was a boon for the city's beleaguered brokers, offering the small and medium firms that are feeding off the crumbs of the bourse extra trading activity and fee income, at a time when equities transactions have slowed to a trickle.
"The gold futures launched last month were a good beginning," said Alfred Yeung Ping-kwan, founder and chairman of Glory Sky Group, a mid-tier broker and market maker for the yuan-denominated and dollar-denominated gold futures products in the city. "This is still far from a huge success as in the United States, but at least we have taken a good start with a new product at the stock exchange."
It's third time lucky by the Hong Kong stock exchange in its attempt to introduce gold futures trading, as it seeks a broader selection of investment options to cement the city's role as Asia's financial centre. ...
Another big change is the allowance of physical settlements in gold futures, instead of cash settlements as with the two previous attempts, which attracted end investors to the trades, said Yeung. ...
... For the remainder of the report:
http://www.scmp.com/business/banking-finance/article/2108474/third-time-...
Goldco Is America's No. 1 Gold IRA Provider
Goldco Precious Metals was founded by Trevor Gerszt in 2006 with a mission to help Americans protect their retirement accounts from market volatility and inflation by adding precious metals like gold and silver.
Experts predict that we are headed toward another economic crash like the one in 2008. If you aren't prepared, your retirement savings could vanish. At Goldco we take the time to understand our customers' investment goals and objectives and give them the resources to feel confident that their money will be there for them when they need it.
To learn more about adding gold and silver precious metals to your retirement accounts, please visit Goldco here:
Join GATA here:
New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/wp-content/uploads/2017/07/NOIC2017_powe...
Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
