Hong Kong Exchanges and Clearing today (March 2) said profits earned in 2010 rose 7% year on year, on the back on record annual derivatives trading. Net income was $5.95m, surpassing the $5.54m which the exchange reported one year prior.
Revenues were up 8%, though expenses were up by the same amount. The increase in revenues was driven by an increase in average daily trading in the exchange’s equity and derivatives products. Trading in HKEx’s equity segment rose 11% from 2009 levels, while its derivatives product suite rose 7% during the year.
The increase in HKEx’s derivatives trading propelled the exchange to a record...