HKEx merges cash and derivatives business units

HKEx merges cash and derivatives business units

Hong Kong Exchanges and Clearing Limited (HKEx) is to merge its cash and derivatives business units into an integrated entity, as part of an exchange-wide restructuring programme.

The new exchange business unit will take over most of the responsibilities of the extant cash and derivatives divisions. Participant administration will be transferred to listing, regulation and risk management. Responsibility for international liaison and development will be moved to the corporate communications office.

As part of the restructuring, HKEx will also create a new corporate strategy division, focused on strategy development, planning, research and policy support.

Kwong Ki-chi, chief executive, comments: "The board of directors believes the new organisational structure will enable us to provide a better service, focus on long-term growth opportunities and strengthen our operational efficiency."

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