18 July 2011 -- NYSE Liffe, the global derivatives business of NYSE Euronext, announced today that it gained the first broker headquartered in the People’s Republic of China through its Hong Kong subsidiary. GF Futures (Hong Kong) Co. Ltd became a trading member of NYSE Liffe on 14 July 2011.
Dr. XIAO Cheng, the General Manager of GF Futures, said “We are honoured to be the first Chinese broker to become a member of NYSE Liffe. This will give us a better understanding of the European market. Being a member of NYSE Liffe offers our customers the access to international market as well as being a major step to the internationalisation of GF Group.”
“I am delighted to welcome our first Chinese broker as a member of NYSE Liffe”, said Garry Jones, group EVP and head of Global Derivatives. “This means that through their connection to NYSE Liffe, GF Futures (Hong Kong) is the first Chinese broker to give its customer base direct access to our international trading network out of Hong Kong. Recently we have seen a dramatic increase from Asian clients wanting direct access to our products.”
NYSE Euronext is fully committed to further expanding its business in the Asia-Pacific region. The group have representative offices in Beijing, Hong Kong, Singapore and Tokyo. The volume generated by Asian customers has seen a significant increase and will be looking to expand further as Asians look for new ways to grow and hedge their investment.
GF Futures (Hong Kong) Co. Ltd is a subsidiary company fully owned by GF Futures Co. Ltd. Its establishment was approved by China Securities Regulatory Commission as one of the six Futures Commission Merchants (FCMS) to launch business in the Hong Kong market.