20 August 2017
Find out more

HKEx invests in BondsInAsia

27 March 2002  |  2441 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  |  2645 views  |  0 comments
HKEx revises market data pricing

HKEx revises market data pricing

08 March 2002  |  2739 views  |  0 comments
MTS teams with clearers for Italian bond CCP

MTS teams with clearers for Italian bond CCP

19 February 2002  |  2326 views  |  0 comments
TD Bank and BondDesk establish ATS joint venture

TD Bank and BondDesk establish ATS joint venture

07 February 2002  |  2635 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.dorsum.eudownload the paper nowvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
8973 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7833 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
7214 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6452 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
6316 views comments | 11 tweets | 9 linkedin