HKEX’s US Dollar Gold Futures can trade in Taiwan

HONG KONG - The Financial Supervisory Commission of the Taiwan Securities and Futures Bureau (TSFB) today approved inclusion of Hong Kong Exchanges and Clearing Limited’s (HKEX) US dollar (USD) Gold Futures (GDU) contract in its list of offshore exchanges and contracts for which FCMs have trading authorisation. 

This means Futures Commission Merchants (FCMs), intermediaries licensed by the TSFB, can offer trading of HKEX’s GDU to investors in Taiwan. 

The GDU contract is the first HKEX commodities contract to receive regulatory approval in Taiwan.    

“Our GDU contract is the first physically settled gold futures contract that is traded on an Asian exchange and available to investors in Taiwan,” said Li Gang, HKEX’s Co-head of Market Development. 

“We have gained access to a new market for our GDU contract, and investors in Taiwan can now trade an Asian gold benchmark with physical delivery in their own time zone.”

Currently, HKEX has 16 Futures Exchange Participants offering physical delivery services for its GDU contract.  They include two from Taiwan: CSC Futures (HK) and Yuanta Futures (HK).  www.hkex.com.hk   (ATI).