London Stock Exchange (LSE) today welcomed Celera Markets, the brokerage arm of Greater China diversified financial industry group, Celera Group, as a member firm. Celera Markets becomes the first Hong Kong member on London Stock Exchange Derivatives Market (LSEDM).
Hong Kong SFC Approval
The news follows the regulatory approval of Hong Kong’s Securities and Futures Commission last year, allowing Hong Kong firms to become members.
Celera Markets is London Stock Exchange’s ninth member from Greater China and the second from Hong Kong, reflecting London’s strengthening relationship with the region and London’s position as a global financial centre and as a leading offshore Renminbi centre.
Deloitte’s Banking Report Forecasts the Future of Social DistancingGo to article >>
London Stock Exchange membership allows major trading and broking firms to connect directly to Europe’s most liquid and international order book and to trade central counterparty cleared securities including some of the world’s largest and most well known companies.
The move reinforces LSE’s status as the venue of choice for Chinese investment, trading and capital raising.
Nicolas Bertrand, Global Head of Derivatives Markets for Equities & Fixed Income, London Stock Exchange, commented: “Welcoming Celera Markets today further strengthens ties between the UK and Greater China and reinforces London Stock Exchange’s status as the venue of choice for Chinese investment, trading and capital raising.”
Celera Markets, the first Hong Kong member on London Stock Exchange Derivatives market, will have access to trade derivative contracts in UK securities, index products including FTSE 100 futures and options, Global Depository Receipts and CurveGlobal interest rate products available on LSEDM.
Eric Wong, CEO, Celera Group, added: “We have always envisioned facilitating flows between Asia especially the Greater China region and Europe and now we are one step closer to that reality. Despite the political realignment with regards to the UK and Europe we are still confident that the broader European region will continue to present attractive opportunities for Asian outbound investment.”