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Hong Kong Exchanges and Clearing (HKEX) has revised requirements for stock options market makers in HKEX's derivatives market which will be implemented on July 2. The...
"For exchange-traded derivative markets, the monopoly of middle and back office providers is likely to be challenged. Historically, the three incumbent providers have been largely unchallenged due to widely held fears of ‘migration risk’."
Clive Furness, MD, Contango Markets