HKEx Sees Methodic Growth in its Derivatives, Futures Business in January

HKEx's futures and derivatives business moved noticeably higher in January 2016, including a good performance of its RMB futures.

Hong Kong Exchanges and Clearing Limited (HKEx) has disclosed its monthly market figures ending January 2016, which saw a strong performance across its securities and derivatives business in the first month of the New Year, according to a HKEx statement.

The financial metrics report is the first glimpse into the scope of the exchange’s operations since last year’s introduced changes to its management structure and regime – during late 2015, HKEx rolled out four new divisions that helped streamline its overall business focus.

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For the month ending January 2016 however, HKEx reported an average daily turnover of $82.2 billion across its securities business, which was good for a 33.4% MoM growth from $61.7 billion back in December 2015. This strength was somewhat pared by lackluster numbers extending one year prior, having fallen -15.6% YoY from $97.4 billion in January 2015.

HKEx also witnessed a shifting breakdown of its turnover across four separate types of securities. This includes a 60.8% share of equities turnover, 21.3% share of derivatives warrants turnover, 9.8% of CBBCs turnover, and an 8.1% share of Unit Trusts turnover, including exchange-traded-funds (ETFs).

Moving to its derivatives business, HKEx unveiled an average daily turnover of futures and options during January 2016 at 941,648 contracts, yielding an increase of 54.2% MoM from a combined 610,815 contracts in December 2015. Even when measured against last year’s figure, HKEx’s January 2016 performance still constitutes a 22.0% YoY boost over its January 2015 counterpart (770,683 contracts).

Another area of note was HKEx’s average daily turnover of RMB Currency Futures during January 2016, which came in at 3,264 contracts, exploding 57.6% MoM from 2,071 contracts in December 2015. This figure was even more pronounced from last year, justifying a 256.0% YoY growth from just 916 contracts per day in January 2015.

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