NYSE Liffe, the Europe-based derivatives business of NYSE Euronext (NYX), has received regulatory approval from the Hong Kong Securities and Futures Commission to provide Automated Trading Services (ATS) in Hong Kong with immediate effect giving customers in Hong Kong direct and therefore faster access than ever before to trading on the London market of NYSE Liffe via its electronic platform, LIFFE CONNECT®.
Until now, customers in Hong Kong have had to connect to NYSE Liffe via order routing or other indirect means. This step enables customers in Hong Kong to benefit from much lower latency and to access directly NYSE Liffe’s Short Term Interest Rate, Bond, Swapnote and Equity and Equity Index products.
Garry Jones, Group Executive vice president and Head of Global Derivatives, NYSE Euronext, said: “We are delighted to be able to offer our growing customer base in Hong Kong direct and quicker access to our products. Asia is an increasingly important market for us and we are committed to developing our business in the region.”
NYSE Liffe extended the trading hours for its benchmark Euribor interest rate futures contract in order to incorporate the Asian trading day three years ago in 2007 (with trading beginning at 01:00 hours London time) and in 2008/2009 expanded its Singapore and Tokyo offices to develop NYSE Liffe’s business. The company has doubled its staff in Asia in the last year and will continue to expand in 2010/2011. NYSE Liffe also offers direct access to customers in Japan and Singapore (and access via order routing to customers in Thailand, Korea and Australia).
In addition, NYSE Euronext continues to develop partnerships with Asian exchanges in many countries including China, India, Japan and the ASEAN region.
