Source: Hong Kong Exchanges and Clearing
Hong Kong Exchanges and Clearing Limited (HKEx) announced today (Wednesday) the appointment of consultants to study the feasibility of trading commodities derivatives and emissions-related products in Hong Kong (the Study).
HKEx has commissioned the Study to analyse the potential for successful trading of these products in Hong Kong.
McKinsey & Company is appointed to conduct a study on the trading of commodities derivatives, including energy (such as oil, power and gas), base metals, and agricultural products. Mallesons Stephen Jaques (with subconsultants Climate Focus BV and International Environmental Trading Group) is appointed to study the trading of emissions-related products.
HKEx announced on 22 February 2007 the release of its Request for Proposals from persons interested in conducting the Study. Interested candidates were short-listed by a tender evaluation team to present their proposals to a Selection Committee authorised by the Board to select and appoint the appropriate consultants.
The consultants are expected to complete their work in about four months.