17 March 2018
visit www.nextgenbanking.co.uk

HKEx invests in BondsInAsia

27 March 2002  |  2531 views  |  0 mouse mat

Hong Kong Exchanges and Clearing Limited (HKEx) is to acquire a 15.58% stake in fixed income electronic trading platform BondsInAsia, equal to BIA's existing bank shareholders.

The move will enable HKEx to participate in the development of Asia's bond markets with the region's major fixed income dealers, says the firm, as well as generating additional business for the clearing house.

Kwong Ki-chi, chief executive of HKEx, says: "The BIA system allows its users to trade a wide range of Asian fixed income securities in their local currencies as well as in the G3 currencies-the US dollar, the Japanese Yen and the Euro. HKEx's investment in BIA will facilitate access via the exchange to BondsInAsia's proprietary electronic trading platform."

Current shareholders of BIA are BNP Paribas, Citigroup, CSFB, Deutsche Bank, HSBC and Reuters; other stakeholders in the BIA franchises will include Barclays, DBS Bank, Hang Seng Bank, and Salomon Smith Barney.

Currently, the platform enables trading of Asian government and corporate debt securities in the HKD, SGD, USD, Yen and Euro currencies. In 2002, the company intends to expand into additional Asian local currency bond markets as well as to develop electronic trading platforms for other fixed income related products.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

BondDesk.com acquires Tips

BondDesk.com acquires Tips

19 March 2002  |  2717 views  |  0 comments
HKEx revises market data pricing

HKEx revises market data pricing

08 March 2002  |  2835 views  |  0 comments
MTS teams with clearers for Italian bond CCP

MTS teams with clearers for Italian bond CCP

19 February 2002  |  2422 views  |  0 comments
TD Bank and BondDesk establish ATS joint venture

TD Bank and BondDesk establish ATS joint venture

07 February 2002  |  2723 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
Visit www.vasco.comVisit http://info.nice.comVisit www.facebook.com/business/

Top topics

Most viewed Most shared
Augmentum Fintech raises £94m in IPOAugmentum Fintech raises £94m in IPO
11747 views comments | 25 tweets | 5 linkedin
Indian fintech sector needs regulatory support to flourishIndian fintech sector needs regulatory sup...
6742 views comments | 8 tweets | 7 linkedin
BIS warns central banks on digital currency issuanceBIS warns central banks on digital currenc...
6444 views comments | 18 tweets | 17 linkedin
Capital One virtual assistant can now issue virtual card numbersCapital One virtual assistant can now issu...
6202 views comments | 12 tweets | 11 linkedin
Starling and TrueLayer integrate for open bankingStarling and TrueLayer integrate for open...
6139 views comments | 13 tweets | 9 linkedin

Featured job

Competitive base + commission
London, UK

Find your next job