Just last week, the?Hong Kong Exchanges and Clearing Limited (HKEx) announced plans to revamp its stock options market thanks to growing interest. This timing appears to be good as a new FOW Intelligence (FOWi) survey shows increasing volume on the Asian exchanges.
According to FOWi, 80 percent of the “most active” Asian exchanges have seen a rise in year-over-year transaction volume as compared to 50 percent from the U.S. and 40% from European platforms.?
In addition, the European exchanges only saw 20% year-over-year growth in volume while only 1 of 10 did so in the U.S.
As for Asian exchanges seeing year-over-year increases, this number was?50 percent of the top 10 exchanges.?
Looking at FOWi January data, nine of the top 25 most active exchanges are based in Asia. At the top of the list is the National Stock Exchange of India (NSE). It has seen a 20 percent increase this year. ?
At the recent FIA Boca expo, seven exchange CEOs from across the world gave a shout-out to Asia as the place for growth, reported FOW, with?Andreas Preuss, chief executive officer of the Eurex group, stating, “Asia is the future for all of us.”
The appeal for this region reportedly comes from regulatory certainty, ease of access and currency convertibility. There’s also Asia’s rising commodities, wealth and its trading appetite contributing to the allure.