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HKEx says commodities contracts to be cash settled

Posted on 26 June 2013

Hong Kong Exchanges and Clearing (HKEx) chief executive Charles Li said Tuesday that new commodities contracts to be introduced by the exchange would initially be cash-settled products.
“We are going to start with cash-settled products and over time… We will develop physically deliverable capabilities,” Li said in a speech to a conference in Hong Kong. “Most likely the contract we will look at in Hong Kong will be cash settled, will be monthly and will be different sizes from the current contract,” he added………………………………………..Full Article: Source


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