Monday, June 4, 2007

Hong Kong Exchange Seeks Advisers to Plan Commodities Derivatives Market

(Bloomberg) -- Hong Kong Exchanges & Clearing Ltd.,
manager of Asia's third-biggest stock market, may choose
advisers as early as this month to study the creation of a
commodities derivatives exchange, Chairman Ronald Arculli said.

``We'll be looking at things like precious metals,
energy,'' Arculli, 68, said in an interview yesterday. ``When
you look around in the commodity world, some sectors are already
fairly deeply entrenched.'' Hong Kong Exchanges narrowed the
list of potential advisers to six from 20 and will make a
decision ``in the next few weeks,'' he said.


Read more at Bloomberg Energy News

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