Market Chatter: HKEX Eyes Longer Derivatives Trading to Overlap With US Markets

MT Newswires Live04-21

Hong Kong Exchanges and Clearing (HKG:0388) will prioritize extending derivatives trading hours to cover U.S. market closing hours, The Standard reported, citing local media.

The move aims to increase overlap with global markets and attract more international capital into Hong Kong assets, rather than compete with other exchanges on trading duration, Chief Operating Officer Vanessa Lau was quoted as saying.

Extending trading hours for the cash equity market is more complex, as it would require coordination with local brokers and investors, as well as alignment with mainland China through the Stock Connect mechanism, the report said.

There is currently no market consensus on such changes, and further study is needed, it added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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