The Cboe Futures Exchange (CFE) has received approval in Hong Kong 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).

With this designation, announced at the 3rd annual Cboe Risk Management Conference Asia, currently taking place in Hong Kong, CFE has been authorised to provide automated trading services in Hong Kong. This means that in addition to CFE’s ability to conduct marketing activities in the region, CFE may now allow firms in Hong Kong to become CFE TPHs and to connect directly to the exchange.
 
“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,” says Andy Lowenthal (pictured), Senior Vice President, Head of Global Derivatives at Cboe. “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.”
 
Cboe’s Hong Kong office opened earlier this year, and is headed by Sharon Ang, Managing Director and Head of Asia Pacific at Cboe. A permanent presence in the region will enable CFE to further expand its global reach and work more closely with customers throughout Asia.