The world’s largest hub for structured products has capitalised on the shortened listing cycle for these, introduced at the beginning of July to enhance market efficiency on product issuance and help increase product choice for investors.
Net profit at Hong Kong Exchanges and Clearing (HKEX) increased by 51.4% year-on-year (YoY) to HK$3.34 billion (US$430m) in the third quarter ended 30 September as revenue and other income surpassed the first two quarters. Operating expenses in the quarter grew by 10.5% to HK$3.2 billion YoY. Net profit for 9M 20 stood at HK$8.57 billion, up 15.7% YoY. The exchange reported that the listing cycle of structured products shortened from five to three trading days introduced in July was ‘ano
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