OTC Clear, HKEX’s clearing house for over-the-counter derivatives, celebrated another busy and successful year at a year-end cocktail reception and awards gala held at HKEX Connect Hall today.
Total clearing volume surged more than 60 per cent in the first three quarter of 2019, setting a new record, with 48 per cent growth in the clearing volume of Cross Currency Swaps (CCS).
HKEX Co-President and Chief Operating Officer Calvin Tai was on hand to thank clearing members for their support. He also highlighted HKEX’s strategic role as an offshore RMB clearing hub for Mainland China, Hong Kong, and the rest of the world.
A number of awards were presented to clearing members to honour their contributions to the development of Hong Kong’s OTC derivatives market. Here is the full list:
OTC Derivatives Clearing Member of the Year Award (Cross Currency Swaps)
ANZ Banking Group
Bank of China (HK)
BNP Paribas
China CITIC Bank International
HSBC
ICBC (Asia)
Breakthrough Clearing Member of the Year
DBS Bank
FX Clearing Member of the year
BNP Paribas
China CITIC Bank International
Shanghai Pudong Development Bank
Interest Rate Derivatives Clearing Member of the Year
Bank of Communications
China CITIC Bank International
Credit Agricole CIB
DBS Bank
Hang Seng Bank
Shanghai Pudong Development Bank
Congratulations to all award recipients and see you next year!