Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Hong Kong Exchanges and Clearing Limited    0388   HK0388045442

HONG KONG EXCHANGES AND CLEARING LIMITED (0388)
My previous session
Most popular
  Report  
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets

EU clearing houses given last-gasp MiFID reprieve

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/03/2018 | 10:17am CEST
FILE PHOTO: The Canary Wharf financial district is seen at dusk in London

LONDON (Reuters) - Regulators have granted a last-minute reprieve to three clearing houses in Germany and Britain from having to give customers more choice under new European Union market rules that come into effect on Wednesday.

One of the aims of the rules, known as the Markets in Financial Instruments Directive, or MiFID II, is to make it easier for people to choose where to clear the listed derivatives contracts they buy and sell.

This would be done through the "open access" rule, which stops any requirement to clear a derivative contract within the same exchange group that traded the contract.

But Britain's Financial Conduct Authority (FCA) said it received applications for an open-access waiver from ICE Futures Europe (>> Intercontinental Exchange Inc) and from the London Metal Exchange (>> Hong Kong Exchanges and Clearing Limited).

This means the exchanges would not yet have to make changes to allow customers to clear contracts elsewhere.

The FCA said it has decided to grant transitional arrangements in the interests of ensuring there is an "orderly functioning market".

"Accordingly, with effect from 3 January 2018, ICE Futures Europe and LME will not be required to consider open-access requests ... as they relate to exchange-traded derivatives, until the expiry of the transitional period on 3 July 2020."

BaFin, the German markets regulator, announced late on Tuesday that it had granted the same time-limited waiver to Deutsche Boerse's (>> Deutsche Boerse) Eurex Clearing arm.

Open access has been a feature of share trading and clearing for many years, but its introduction to listed derivatives has proved divisive.

Some EU policymakers and Deutsche Boerse had warned about financial stability risks from opening up derivatives clearing to competition, but critics had said this was an excuse to prevent competition.

(Reporting by Huw Jones; Editing by David Goodman)

Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE BOERSE -0.45% 110.95 Delayed Quote.13.53%
HONG KONG EXCHANGES AND CLEARING LIMITED 0.20% 199.8 End-of-day quote.-17.37%
INTERCONTINENTAL EXCHANGE INC -1.65% 73.715 Delayed Quote.3.00%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on HONG KONG EXCHANGES AND CL
10/15THE LISTING COMMITTEE CENSURES NNK G : 3773) and a number of its current and for..
PU
10/10CE Lam's Policy Address speech at LegCo
AQ
10/04HONG KONG EXCHANGES AND CLEARING : Crypto Trading Platform BitMEX Appoints Veter..
AQ
10/04HONG KONG EXCHANGES AND CLEARING : BitMEX Crypto Exchange Picks Veteran Hong Kon..
AQ
10/03HONG KONG EXCHANGES AND CLEARING : Crypto Exchange BitMEX Hires Prominent Regula..
AQ
10/03HONG KONG EXCHANGES AND CLEARING : BitMEX Appoints Hong Kong Regulator to Positi..
AQ
09/28HONG KONG EXCHANGES AND CLEARING : Report on Initial Public Offering Application..
PU
09/28HONG KONG EXCHANGES AND CLEARING : Exchange Seeks Views on Proposed Rule Changes..
PU
09/28HONG KONG EXCHANGES AND CLEARING : HKEX to Expand its Stock Index Products with ..
PU
09/22Hong Kong SFC announces green finance strategic framework
AQ
More news
News from SeekingAlpha
05/18How To Choose The Best China ETF Allocation, After Vanguard's First All-China.. 
2016Shenzhen Connect A Welcome Opening To A Different But Expensive Segment Of Th.. 
2016HIGH-QUALITY ASSETS : Investing In Stock Market Operators 
201510 Stocks Or Funds To Have For The Next 10 Years - Part 1 Of 3 
2015Creating A Rock Solid Growth Orientated Model Portfolio Of Stocks And Equity .. 
Financials (HKD)
Sales 2018 15 627 M
EBIT 2018 10 864 M
Net income 2018 9 137 M
Finance 2018 82 065 M
Yield 2018 3,35%
P/E ratio 2018 27,03
P/E ratio 2019 23,76
EV / Sales 2018 10,7x
EV / Sales 2019 9,39x
Capitalization 249 B
Chart HONG KONG EXCHANGES AND CLEARING LIMITED
Duration : Period :
Hong Kong Exchanges and Clearing Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HONG KONG EXCHANGES AND CL
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 290  HKD
Spread / Average Target 45%
EPS Revisions
Managers
NameTitle
Charles Xiaojia Li CEO & Ex-Officio Executive Director
May Lung Cha Chairman
Chi Kin Tai Joint Chief Operating Officer & Head-Clearing
Kwok Keung Lee Joint Chief Operating Officer
John F. Killian Chief Financial Officer
Sector and Competitors
1st jan.Capitalization (M$)
HONG KONG EXCHANGES AND CLEARING LIMITED-17.37%31 819
CME GROUP19.01%60 117
INTERCONTINENTAL EXCHANGE INC3.00%42 033
DEUTSCHE BOERSE13.53%24 473
INTERACTIVE BROKERS GROUP, INC.-7.01%21 596
LONDON STOCK EXCHANGE7.88%18 770