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Market Gateway and CHOFX(www.chofx.org)Connect for Commodity and FX Client Clearing

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Market Gateway electronic trade processing service for over-the counter (OTC) derivative transactions and CHOFXhave connected to support clearing for regulated OTC FX (foreign exchange) transactions, currently limited to non-deliverable forwards (NDFs).

 

Market Gateway, CHOFX’s technology trading and clearing division is continuously updating technology and trading equipment. Following a major upgrade to CHOFX Market Gateway's FX clearing interface to accommodate new regulatory reporting obligations, member and client clearing workflows are in the final stages of testing with a number of Market Gateway clients. The interface will be further enhanced with clearing support for cash settled forwards.

Market Gateway FX processes over 10,000 NDF FX clearing submissions to FX central counterparties (CCPs) every month. In addition to FX clearing, Market Gateway and CHOFX’s long-standing clearing connectivity also supports central counterparty clearing for OTC interest rate and credit transactions.

 

Derek Li Chow, Senior Managing Director, Interest Rates and FX at CHOFX added:  "Market Gateway and CHOFX (www.chofx.org) have a common commitment to delivering clearing processing excellence across all asset classes.  In addition to new FX clearing support, Market Gateway clients already benefit from our established and proven clearing connectivity for interest rate and commodities transactions.  As the OTC markets evolve in a new regulatory environment, we are ready to support the needs of our global client base through choice – whether exchange traded or OTC clearing services."

 

Keith Lee, Director and Co-Head of Commodities and FX at Market Gateway, said: "We have a long-standing relationship with CHOFX (www.chofx.org) supporting clients' rates and credit clearing workflows. The addition of new FX clearing connectivity to support evolving regulatory obligations further enhances our clearing proposition and service offering and reinforces our commitment to delivering the most flexible, efficient and future-proof clearing connectivity and support to all FX market participants."

 

About Us

Business Overview China Options and Futures Exchange (CHOFX) is an Asian exchange with customer access available virtually all over the world. Our customers consist of professional traders, financial institutions, individual and institutional investors, major corporations, manufacturers and producers. Customers include both members of the exchange and non-members. We offer our customers the opportunity to trade futures contracts and options on futures contracts on a range of products including those based on interest rates, equities, foreign exchange, agricultural commodities, energy, and metals. We also clear over-the-counter contracts on a range of product lines including interest rate swaps, credit default swaps, foreign exchange, energy and agricultural commodities.

 

Contact Media:

Company Name: CHOFX
Website: http://www.chofx.org
Email: info@chofx.org
Adress:  Excel Business Park C1, 6 Wudinghou Street Xicheng, Beijing
100032 China
Phone: 861057980411
Media contact : David Chinn

 

 

 

 

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Southeast Asia Traders COM Reports that the Average retirement savings Participant Invests 60% in Index Funds

Southeast Asia Traders COM Reports that the Average retirement savings Participant Invests 60% in Index Funds | Press Release | Scoop.it

Here at Southeast Asia Traders, we specialize in highly professional financial services for both corporate and individual investors. We take it upon ourselves to take into account our customers' requirements and expectations for their finances and bring them closer to reality. Our resolution is to offer quality services that will help increase our clients' wealth and also minimize the risks.

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The use of low-cost index funds by participants in Southeast Asia Traders COM (www.southeastasiatraders.com) retirement savings plans rose sharply, with the average participant now investing 60% of his or her account balance in index funds, according to a new Southeast Asia Traders study.

 

The researchers noted that this percentage has doubled, largely as a result of the growing popularity of index-based target-date funds. The study, Behavioral Effects and Indexing also found that the assets in actively managed funds and non-indexable assets, such as money market funds, stable value funds, and company stock, declined significantly over the eight-year period. The following table summarizes the paper’s findings:

 

“The movement to index investing is good news for participants who are obtaining broadly diversified exposure to the market at a low cost, which can ultimately help them accumulate more money for their retirement,” said HouLisha, lead author of the report and an analyst in Southeast Asia Traders’ Center for Retirement Research.

The report also found that older, longer-tenured participants held 100% active portfolios, likely as a result of inertia—they simply never changed their investments. This “inertia effect” is common among existing participants, many of whom never alter their initial allocations. Younger, shorter-tenured participants tended to hold 100% index portfolios, largely because they were automatically enrolled in plans with index-based target-date funds as the default investment.

 

 “The results of this report highlight the critical role that plan sponsors play in the investment strategy of participants,” Ms. Lisha said. “Due to these behavioral effects, it is likely that the sponsor’s decision will have a profound influence on the investment choices made by their participants.”

 

About Southeast Asia Traders

Southeast Asia Traders (www.southeastasiatraders.com) is a financial company dedicated to offering quality services to its clients. The main factor that sets us apart from our major competitors is the experience and intelligence of our people. Our team works as a very efficient system, putting their best qualities forth so that the services we provide are second best to none. The knowledge we obtain is used to offer our clients a multitude of investment options for their needs, up-to-date information about the market fluctuations and timely advice regarding underperforming assets in their portfolios. We are a young and dynamic company founded by renowned and highly experienced financial experts.

 


Contact Info:

Web: http://www.southeastasiatraders.com/

Company name: Southeast Asia Traders

Address: Hutchison House, 10 Harcourt Road, Admiralty, Hong Kong
Mail: contact@southeastasiatraders.com
Phone: 85258081923

 

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Herrington Global Launches Retail Forex Trading

Herrington Global Launches Retail Forex Trading | Press Release | Scoop.it
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Access to Global Currency Markets, Research and Education through FXHM Herrington Global’s new FX trading platform.

Herrington Global announced today that will now offer customers access to global currency markets, research and education through FXHM, on the newly launched Herrington Global FX platform.

Herrington Global FX customers will be able to trade seamlessly on the Herrington Global’s FX no-fee platform, which includes:

Advanced Charting: customizable technical studies, analytics and indicatorsQuick Transfer: easily move funds between Herrington Global brokerage or bank accounts and Forex accountsNews & Analysis: access to international financial news and a comprehensive economic calendar56 Currency Pairs: choose from a variety of major and minor pairsLeverage3: up to 50:1 leverage for major pairs and 20:1 for minorsForex Trading Specialists: access to experienced Forex professionalsNo Commissions: competitive spreads and fair executionFree Trading Education: live in-person, on-line, and on-demand trading educationExtended Trading Day: 24 hours-a-day, 5 days-a-weekPractice Account: practice trading Forex risk free with live data

 

"Forex trading offers investors and traders the opportunity to broaden and diversify their portfolios through access to a highly liquid global market," said Matthew J. Lee, Executive Vice President and Chief Customer Officer. "By offering industry-leading Forex technology and educational resources we are providing investors at all levels with the ability to act on their opinions on global currencies and to incorporate ‘cash' as an asset class into their portfolios in a new way. Combined with Commodities trading, Forex Trading is one of the most efficient trading strategies."

 

"FXHM, Herrington Global’s new FX trading platform is providing industry leading FX technology and educational services ". We believe this is another step for the retail FX industry in becoming more mainstream and well-known, especially in Asia."

 

Herrington Global is a leading provider of advisory services and technology-based financial services to retail investors, traders and independent registered investment advisors. We provide our services predominantly through the internet, international partnerships networks and relationships with investment advisors. We believe that our services appeal to a broad market of independent, value-conscious retail investors, traders, financial planners and institutions.

 

 

Contact

Company name: Herrington Global

Address:

West Tower trading

971/B King's Road

Quarry Bay, Hong Kong

Website: http://www.herrington-global.com

Email: contact@herrington-global.com

Phone: 85258132615

Company Publisher: HK NEWS

 

 

 

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China Options and Futures Exchange | Welcomes Currency Options

China Options and Futures Exchange | Welcomes Currency Options | Press Release | Scoop.it

China Options and Futures Exchange (CHOFX) is an Asian exchange with customer access available virtually all over the world. Our customers consist of professional traders, financial institutions, individual and institutional investors, major corporations, manufacturers and producers. Customers include both members of the exchange and non-members.

Anisa Rahma's insight:

CHOFX (www.chofx.org) launched the much-anticipated currency options. The first contract will initially be based on the HKD-USD with other contracts to be requested from the relevant Market Markers.

 

This new investment avenue compliments the existing CHOFX’s currency futures market and is sure to increase both trading volumes and liquidity in the local currency market.

 

Like currency futures, currency options allow CHOFX investors and speculators to benefit from the movement of the HKD against other currencies, but differ in that they come with a ‘built-in insurance policy’.

 

In other words, currency options are contracts that grant the CHOFX investors the right but not the obligation to buy or sell currency at a set rate at a set time.

 

“In CHOFX’s terms what this means is that Currency Options allow the investor the choice not to exercise the contract if the exchange rate is not in his or her favor,” comments Chi-sun Lee, CHOFX Managing Director Commodity Trading Division. Due to their flexibility CHOFX’s currency options are considered one of the best ways for corporate the agricultural community and individuals to hedge against adverse movements in the exchange rates.

 

CHOFX’s Currency futures are used by investors who are very confident that the currency will move in a certain direction while options are ideal for those who need to purchase foreign currency but are uncertain of the movements of the currency. “Of course, like an insurance policy, the investor will pay more of a premium for this peace of mind,” says Chi-sun Lee.

 

The CHOFX (www.chofx.org) is confident that currency options will attract a different market to that of currency futures. “With currency options we hope to attract a different market element and sector from that of currency futures – we expect a great response from the agricultural sector and from institutional investors,” comments Chi-sun Lee. 

 



About Us

Business Overview China Options and Futures Exchange (CHOFX) is an Asian exchange with customer access available virtually all over the world. Our customers consist of professional traders, financial institutions, individual and institutional investors, major corporations, manufacturers and producers. Customers include both members of the exchange and non-members. We offer our customers the opportunity to trade futures contracts and options on futures contracts on a range of products including those based on interest rates, equities, foreign exchange, agricultural commodities, energy, and metals. We also clear over-the-counter contracts on a range of product lines including interest rate swaps, credit default swaps, foreign exchange, energy and agricultural commodities.

 

Contact Media:

Company Name: CHOFX
Website: http://www.chofx.org
Email: info@chofx.org
Adress:  Excel Business Park C1, 6 Wudinghou Street Xicheng, Beijing
100032 China
Phone: 861057980411
Media contact : David Chinn
Press Release Industry: Business, Financial
Press Release Author: CHOFX

 

 

 

 

 

 

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Herrington Global Offers Electronic Trading in Iron Ore Swaps

Herrington Global Offers Electronic Trading in Iron Ore Swaps | Press Release | Scoop.it
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Herrington Global’s leading screen Energy Mix® Europe further expands product range

 

Herrington Global announced today that it has launched and successfully traded a number of Iron Ore Swap products on Energy Mix®, Herrington Global’s leading electronic trading platform for energy and commodities.

 

Peter Xi Lau, Executive Vice President and Chief Risk Officer of Herrington Global said: “Iron Ore Swaps is another example of our focus on adding new products to Energy Mix.  Our aim is to help our customers take advantage of the trading and execution opportunities available in the dry FFA markets by offering new products and by creating liquidity.  Last week, for example, we introduced matching of FFAs which enables traders to anonymously contribute and trade at mid-market levels on specific contracts during set times in the trading day.  We look forward to making further announcements as we continue expand our offerings.” 

 

Energy Mix is based on Herrington Global’s trading technology and premier platform for Energy and Commodity trading.

 

Herrington Global will also release a market watch bulletin which will serve as source for iron ore prices, iron ore news and scrap metal prices. It is the only publication that publishes global metallurgical coal spot prices on a daily basis. It is also the only publication containing two iron ore price benchmarks in one report.

 

With a key focus on steel raw materials Herrington Global’s brings you:

Daily iron ore, metallurgical coal and scrap price assessments and indices allowing buyers, sellers and industry participants to negotiate and index-link long and short term contracts.Steel raw materials market commentary and news bringing clarity to purchasers and producers on what is influencing the price today.Independent analysis on key market fundamentals that helps traders, producers, service centers, end users and all market observer spot trends and form competitive pricing strategies.

 

Herrington Global is a leading provider of advisory services and technology-based financial services to retail investors, traders and independent registered investment advisors. We provide our services predominantly through the internet, international partnerships networks and relationships with investment advisors. We believe that our services appeal to a broad market of independent, value-conscious retail investors, traders, financial planners and institutions.

 

 

Contact:

Company name: Herrington Global

Address:

West Tower trading

971/B King's Road

Quarry Bay, Hong Kong

Website: http://www.herrington-global.com

Email: contact@herrington-global.com

Phone: 85258132615

Company Publisher: HK NEWS

 

 

 

 

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Herrington Global Launches Gas Basis Trading on Energy Mix®

Herrington Global Launches Gas Basis Trading on Energy Mix® | Press Release | Scoop.it
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Adding to Group’s broad electronic trading of energy products

 

Herrington Global announced today that it has successfully launched a number of Gas Basis products on Energy Mix®, Herrington Global’s leading electronic trading platform for energy and commodities in Asia and executed a number of trades for clients on the system.

 

The new product offering caters not only to gas basis traders but to Asian power traders enabling them to trade Asian gas basis markets alongside Energy Mix’s competitive electronic power markets on one screen. Glen Buckley, Executive Vice President and President of the Asian Markets for Herrington Global, said: “we are pleased to offer our clients, especially the Asian traders, another means of execution. Our hybrid mix of experienced professionals and leading edge technology combined with a choice of clearing venue will enhance and simplify the trading experience for our customers“.

 

Energy Mix is a web-based electronic marketplace offering clients the ability to trade thousands of unique swap products ranging from physically cleared west power swaps to financial gas basis.

 

Energy Mix® integrates liquidity from both desks at Herrington Global and its subsidiaries, as well as dedicated screen market makers to offer one liquidity pool displaying firm and tradable prices with the ability to clear at any venue the end user chooses. Energy Mix® currently serves the following markets: East Power, Zonal Power, ERCOT Power, Physically Cleared West Power, Natural Gas Options and now Gas Basis. The Floating Price for each contract month will be equal to the Herrington Global Inside FDRC's Gas Market Report ("Herrington Global IFDRC") and Herrington Global Index ("Index") published in the table titled "Prices of Spot Gas Delivered to Pipelines" in the first regular issue of the contract month minus the Natural Gas Futures contract final settlement price for the corresponding contract month. Herrington Global is a leading provider of advisory services and technology-based financial services to retail investors, traders and independent registered investment advisors. We provide our services predominantly through the internet, international partnerships networks and relationships with investment advisors.

 

We believe that our services appeal to a broad market of independent, value-conscious retail investors, traders, financial planners and institutions.

 

Contac:

Company name: Herrington Global

Address: West Tower trading 971/B King's Road Quarry Bay, Hong Kong

Website: http://www.herrington-global.com

Email: contact@herrington-global.com

Phone: 85258132615 Company

Publisher: HK NEWS

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