Hong Kong Exchange Wins Nod From Brokers on Risk Management
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Hong Kong Exchanges and Clearing Ltd. will proceed with an overhaul of risk management next month after most brokers agreed to the changes, according to Charles Li, chief executive officer.
The world’s largest-listed bourse operator by market value will ask clearing participants to pay margins and contribute to a new guarantee fund, Li said at a press conference in Hong Kong today. It will also revise the price movement and collateral assumptions in the cash and derivatives markets, according to Li.