HKEX profits up 138%

14 Nov 2007

Hong Kong Exchange and Clearing (HKEX)’s third quarter profit rose 138% to $5.49bn from $2.84bn set in 2006. The profits were driven by strong trading volumes as the exchange witnessed numerous...

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"While we support its overall direction, a number of the requirements in the review are needlessly oppressive, particularly the proposed limits on execution-only business and bilateral execution. Additionally, the swathe of costly disclosure obligations is more likely to confuse than inform customers.”

The FOA's Anthony Belchambers responds to the EC's Mifid review.