Hong Kong Gold Exchange set to go electronic

Touch

HKEx and HK gold exchange to support gold bourse

HONG KONG (MarketWatch) -- Hong Kong's gold exchange and the city's stock market operator, Hong Kong Exchanges and Clearing (HKEx) (HK:388: news, chart, profile) , have agreed a basic framework to enable the launch of electronic bullion futures trading in the first half of this year, according to reports Tuesday.

The exchanges have agreed to form a working group to facilitate development of bullion futures to cover London gold in ounces under an electronic trading format, the South China Morning Post reported, citing statements by exchange officials.


Under the new system, bullion trading will be extended to 19 hours a day in the second half of the year from the nine hours of "open outcry" currently supported by the 98-year-old gold exchange.

Gold exchange president William lee Tak-lun said the agreement could set the stage for a merger between the bourses.

JKL

原帖由 Touch 於 2008-2-12 02:31 PM 發表
HKEx and HK gold exchange to support gold bourse

HONG KONG (MarketWatch) -- Hong Kong's gold exchange and the city's stock market operator, Hong Kong Exchanges and Clearing (HKEx) (HK:388: new ...

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