The exchange recently extended its trading hours into the Asian trading day [see FO Week Vol 11 No 22]. Have you seen activity in those hours to date, and how has the extension gone?
Yes, we have seen activity. I think it's important to say that we set off with very modest ambitions, but on the first day we had 600 lots traded. That was actually way above my expectations because, of the business that is done early morning, a lot of it is just marketing to clients which is transacted later in the day. So to get 600 lots on the first day was great.
Everything worked smoothly which was a key thing: it opened on time and has since opened on time every night - there haven't been any hiccups. Bear in mind that we haven't got all the regulatory approvals yet - Australia and Hong Kong are...