Hong Kong Exchanges and Clearing (HKG:0388) seeks to improve its exchange-traded products business through automation and digitization of its in-kind creation and redemption process, Equities Product Development Chief Brian Roberts said Monday.
The initiative will use a digital portal to replace several manual, paper-based processes and help boost efficiency, Roberts said in an article on the HKEX website.
The exchange will launch the first listings of single stock leveraged and indexed products, which aim to deliver a daily return equivalent to a multiple of a single stock's return.
The launch will be the first phase of such products that HKEX sees will come to the market, Roberts said.
There is also more growth potential for the virtual asset and covered call exchange-traded fund ecosystem, Roberts said in the article.
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