Hong Kong Mercantile Exchange – HKMEx

The Hong Kong Mercantile Exchange (HKMEx) caters to commodities hedgers and investors in Asia. The electronic exchange offers commodity futures, options, and other financial derivatives products. Launched in May 2011, the exchange’s objective is to attract Asian market traders who traditionally engage in commodities trading in international exchanges, such as London and New York.

Some of the key products offered by HKMEx include its 32 troy ounces gold and 1,000 troy ounces silver futures contracts. Both futures contracts are traded in U.S. dollars and require physical delivery to Hong Kong. Futures contracts are available for the current calendar month, the following two consecutive months, and even months for gold and odd months for silver within a 12-month period. Other products that are being developed by the HKMEx include futures in ferrous and non-ferrous metals, energy, agricultural products, and currencies.

The HKMEx opens for trading at 8:00 a.m. and closes at 11:00 p.m, Hong Kong time. The exchange employs the Pearl Trading Platform, an electronic trading system. The system allows users to see current bids and offers, market views outside best bids and offers, spreads of bids and offers, and implied prices if there is no market activity. Transactions are all cleared through LCH.Clearnet.

>> Read more about the other Commodity Trading Exchanges