RTS Realtime Systems Group now offers market access to the Hong Kong Mercantile Exchange (HKMEx), Chinas international commodity marketplace. Clients including commodity trading firms, hedge funds, asset managers, institutional investors and algorithmic traders can now trade, arbitrage and offset their risk with positions on HKMEx.
HKMEx trades a 32 troy ounce (1 kilo) gold futures contract and a 1,000 troy ounce silver futures contract, both denominated in U.S. dollars, with physical delivery available in Hong Kong during the Asia Pacific time zone. The exchange is in the process of launching a renminbi-denominated gold futures contract along with renminbi contracts in copper and other base metals, according to RTS.
RTS clients will be able to access HKMExs gold and silver futures through the exchanges electronic platform by connecting via RTS low-latency algorithmic trading engine RTD Tango and hybrid trading solution RTD Tango Trader.
We are excited to offer access to this new destination for global commodities trading into and out of China, says Andy Woodhouse, managing director for APAC at RTS. Our customers in Asia and across the globe want to trade this key market, particularly with the successful establishment of a gold futures contract as the regional benchmark. By leveraging our vast portfolio of trading venues, clients can profit from arbitrage opportunities in the worldwide precious metals markets.
Albert Helmig, president of HKMEx, adds: HKMEx is committed to providing market participants access to commodity contracts with state-of-the-art trading technology. RTS represents part of the exchanges ongoing and conscious effort to extend low-latency access to better serve the needs of the market. We are committed to providing members with a transparent and liquid environment for trading commodities futures contracts on a fast, reliable and secure platform.
RTS offers multi-asset class, ultra-low latency and high-frequency connectivity to more than 135 exchanges and markets globally.
(CG)