Cboe Futures Exchange (CFE) to provide automated trading in Hong Kong

The continuing worldwide expansion of Cboe Global Markets has led the group to open an office in Hong Kong earlier this year. At the 3rd annual Cboe Risk Management Conference Asia, currently taking place in Hong Kong, the company announced that CFE has recently received approval to allow corporations that are licensed by the Hong Kong Securities and Futures Commission under Part V of the Hong Kong Securities and Futures Ordinance to become CFE Trading Privilege Holders (TPHs).


Firms that become CFE TPHs will connect directly to the Cboe Futures Exchange (CFE) to be provided with automated trading services in Hong Kong. CFE is already allowed to conduct marketing activities in the region. Hong Kong  joins Korea, Singapore, Taiwan and others as CFE approved foreign jurisdictions.


Andy Lowenthal, Senior Vice President, Head of Global Derivatives at Cboe

Andy Lowenthal, Senior Vice President, Head of Global Derivatives at Cboe, said: “Providing customers with new opportunities and greater efficiency to trade our products is a top priority for Cboe, and we continue to work with authorities throughout Asia to obtain additional approvals. This approval adds to a growing list of efforts we’ve made to expand our customer outreach in the APAC region, including the opening of a permanent office in Hong Kong.”


Heading Cboe’s Hong Kong office is Sharon Ang, Managing Director and Head of Asia Pacific.


Sharon Ang, Managing Director and Head of Asia Pacific at CBOE

This month, Cboe is making the headlines for its plan to list Bitcoin futures on Cboe Futures Exchange (CFE) starting Monday, December 11. Following an exclusive license to Gemini Bitcoin market data in August, Cboe will list bitcoin futures under the ticker symbol ‘XBT’. “Given the unprecedented interest in bitcoin, it’s vital we provide clients the trading tools to help them express their views and hedge their exposure. We are committed to encouraging fairness and liquidity in the bitcoin market. To promote this, we will initially offer XBT futures trading for free”, said Ed Tilly, Chairman and Chief Executive Officer of Cboe Global Markets.


Cboe’s FX trading operation has released its November trading metrics. Cboe FX Markets, formerly known as Hotspot FX, saw trading activity climbing by 6% from October’s $32.0 billion to $33.9 billion average daily volume. It was the best month since the Swiss ‘flash crash’ in January 2015, at $34.3 billion ADV.