HKEx Plans to Launch RMB Denominated Aluminium, Zinc and Copper Futures
Wednesday,22/10/2014|01:18GMTby
George Tchetvertakov
After one of its subsidiaries was named administrator for platinum and palladium benchmarking, the parent company HKEx announces new aluminium and zinc contracts that coincidentally relate to ongoing legal challenges in the US and UK.
Hong Kong Exchanges and Clearing Limited (HKEx) has announced a forthcoming launch of new aluminium, zinc and copper futures contracts, available for trading on Hong Kong Futures Exchange Limited (HKFE) and cleared through HKFE Clearing Corporation Limited.
The three mini metals contracts will be denominated in China's national currency, the Renminbi (RMB), as of December 1st 2014, “subject to market readiness." The decision to price the new futures contracts in RMB again underlines the currencies growing eminence and dominance in global financial markets. The US dollar's hegemony is under threat.
"The new contracts will provide currency convenience, they will expand our range of RMB products, and they will further strengthen Hong Kong's position as the leading offshore RMB centre,” said HKEx Chief Executive, Charles Li.
All three of the new contracts are cash-settled monthly and trading hours will be 9:00am to 4:15pm and 5:00pm to 1:00am the next morning Hong Kong time Monday to Friday.
Trading Conditions for HKEx Aluminium, Zinc and Copper Futures to be launched in December
Romnesh Lamba, HKEx’s Co-head of Global Markets, attributes the addition of metal contracts as “part of our fixed income, currency and commodities strategy in Asia and our efforts to expand our Hong Kong markets into new asset classes."
With live trading due to begin in just over one month, HKEx is keen to avoid low Liquidity conditions when the contracts begin trading. As part of its commercial strategy to increase volumes and liquidity, HKEx is launching two ‘Active Trader’ programmes with fee rebates to incentivise third parties as well as loosening conditions for LME members to become HKFE participants.
HKEx plans to launch a dedicated US-dollar traded API 8 Thermal Coal Future contract in the near future.
Hong Kong Exchanges and Clearing Limited (HKEx) has announced a forthcoming launch of new aluminium, zinc and copper futures contracts, available for trading on Hong Kong Futures Exchange Limited (HKFE) and cleared through HKFE Clearing Corporation Limited.
The three mini metals contracts will be denominated in China's national currency, the Renminbi (RMB), as of December 1st 2014, “subject to market readiness." The decision to price the new futures contracts in RMB again underlines the currencies growing eminence and dominance in global financial markets. The US dollar's hegemony is under threat.
"The new contracts will provide currency convenience, they will expand our range of RMB products, and they will further strengthen Hong Kong's position as the leading offshore RMB centre,” said HKEx Chief Executive, Charles Li.
All three of the new contracts are cash-settled monthly and trading hours will be 9:00am to 4:15pm and 5:00pm to 1:00am the next morning Hong Kong time Monday to Friday.
Trading Conditions for HKEx Aluminium, Zinc and Copper Futures to be launched in December
Romnesh Lamba, HKEx’s Co-head of Global Markets, attributes the addition of metal contracts as “part of our fixed income, currency and commodities strategy in Asia and our efforts to expand our Hong Kong markets into new asset classes."
With live trading due to begin in just over one month, HKEx is keen to avoid low Liquidity conditions when the contracts begin trading. As part of its commercial strategy to increase volumes and liquidity, HKEx is launching two ‘Active Trader’ programmes with fee rebates to incentivise third parties as well as loosening conditions for LME members to become HKFE participants.
HKEx plans to launch a dedicated US-dollar traded API 8 Thermal Coal Future contract in the near future.
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The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
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Finance Magnates Awards 2026 nominations are now open. 🏆
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Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
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#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
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In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
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Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
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