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.
Italy’s Consob Tightens Net on AI-Fueled Scams With Fresh Website Bans
FP Markets Winner Spotlight 🏆 | Global Broker of the Year 2025 #Trading #Broker #Innovation #Shorts
FP Markets Winner Spotlight 🏆 | Global Broker of the Year 2025 #Trading #Broker #Innovation #Shorts
FP Markets takes the spotlight as Global Broker of the Year 2025 at the Finance Magnates Awards.
Martin Stoilov, Head of Client Experience, shares that trust, innovation, and people played a key role in the company’s success, supported by a strong foundation of integrity and client-centricity.
Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
FP Markets takes the spotlight as Global Broker of the Year 2025 at the Finance Magnates Awards.
Martin Stoilov, Head of Client Experience, shares that trust, innovation, and people played a key role in the company’s success, supported by a strong foundation of integrity and client-centricity.
Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
In this video, we review @HolaPrimeMarketsOfficial, a multi-asset forex and CFDs broker offering different account types, trading platforms, and flexible trading conditions.
We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#HolaPrime #ForexBroker #CFDTrading #FinanceMagnates #Trading #Forex #BrokerReview
In this video, we review @HolaPrimeMarketsOfficial, a multi-asset forex and CFDs broker offering different account types, trading platforms, and flexible trading conditions.
We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#HolaPrime #ForexBroker #CFDTrading #FinanceMagnates #Trading #Forex #BrokerReview
Hola Prime Review: What You Need to Know | Full Breakdown by Finance Magnates
Hola Prime Review: What You Need to Know | Full Breakdown by Finance Magnates
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
Axi Winner Spotlight 🏆 | Global Most Innovative Broker 2025 #Innovation #Trading #Fintech #Broker
Axi Winner Spotlight 🏆 | Global Most Innovative Broker 2025 #Innovation #Trading #Fintech #Broker
Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Recognition that matters.
Built on transparency.
Driven by the industry.
The Finance Magnates Awards 2026.
Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
Recognition that matters.
Built on transparency.
Driven by the industry.
The Finance Magnates Awards 2026.
Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
