NYSE Liffe gains first Chinese broker
-GF Futures (Hong Kong) new member since 14 July 2011-
NYSE Liffe, the global derivatives business of NYSE Euronext, announced today that it gained the first broker headquartered in the People’s Republic of China through its Hong Kong subsidiary. GF Futures (Hong Kong) Co. Ltd became a trading member of NYSE Liffe on 14 July 2011.
Dr. XIAO Cheng, the General Manager of GF Futures, said “We are honoured to be the first Chinese broker to become a member of NYSE Liffe. This will give us a better understanding of the European market. Being a member of NYSE Liffe offers our customers the access to international market as well as being a major step to the internationalisation of GF Group.”
“I am delighted to welcome our first Chinese broker as a member of NYSE Liffe”, said Garry Jones, group EVP and head of Global Derivatives. “This means that through their connection to NYSE Liffe, GF Futures (Hong Kong) is the first Chinese broker to give its customer base direct access to our international trading network out of Hong Kong. Recently we have seen a dramatic increase from Asian clients wanting direct access to our products.”
NYSE Euronext is fully committed to further expanding its business in the Asia-Pacific region. The group have representative offices in Beijing, Hong Kong, Singapore and Tokyo. The volume generated by Asian customers has seen a significant increase and will be looking to expand further as Asians look for new ways to grow and hedge their investment.
GF Futures (Hong Kong) Co. Ltd is a subsidiary company fully owned by GF Futures Co. Ltd. Its establishment was approved by China Securities Regulatory Commission as one of the six Futures Commission Merchants (FCMS) to launch business in the Hong Kong market.
Notes to Editor’s:
About GF Futures (Hong Kong) Co. Ltd
GF Futures (Hong Kong) Company aims to be the first station of GF Futures Company’s internationalization approach. By inheriting and taking advantage of the parent company’s merits and coherent operation philosophy of “Integrity, Professionalism, Innovation, Aggressiveness ”, GF Futures (Hong Kong) Company is positioned as a center for research of the international futures markets and an engineering center of futures and other derivatives products, as well as a cultivation base for global-orientated professional human resources. The Company includes an international business and management center as well as a communication channel for futures markets home and abroad. For more information about GF Futures (Hong Kong) Co. Ltd. Visit: www.gfgroup.com.hk
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company’s exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext’s equities markets – the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca – represent one-third of the world’s equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world’s second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the Fortune 500. For more information, please visit: http://www.nyx.com
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