Hong Kong Futures Exchange Hopes "Mini Globex" Can Leverage Local Motion In Currency Trading

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It's still on the drawing board, but if all the pieces fall into place, the Hong Kong Futures Exchange (HKFE) will launch a series of currency contracts, including yen, sterling and Deutsche marks futures, via a local automated dealing system, says HKFE chief executive Gary Knight. The exchange is betting that the currency futures and a deferred-delivery "spot" currency will help revive the HKFE's sagging fortunes.

Two HKFE oversight committees are currently developing trading practice guidel