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HKMEx Completes First Physical Delivery Cycle

The Hong Kong Mercantile Exchange (“HKMEx”), China’s international commodity marketplace, completed its first physical contract delivery since its launch in May. The contract being delivered, a US-dollar gold futures contract which matured on Aug 8, 2011, was purchased by HKMEx member and shareholder ICBC, from fellow Exchange member Wing Fung Futures Limited. Actual physical delivery [...]

ICBC Asia Moved to Pricing Partners’ Derivatives Pricing Analytics

Pricing Partners, the world leader in OTC derivatives pricing analytics, mathematical models and independent valuations, announced May 3 that Industrial and Commercial Bank of China (Asia) Limited (“ICBC (Asia)”), the flagship of Hong Kong banking business of Industrial and Commercial Bank of China Limited, the world tier 1 bank, selected Pricing Partners’ derivatives analytics, Price-it [...]