Hong Kong Exchanges & Clearing (HKEx) Is The World’s Biggest Exchange Operator By Paul Ebeling June 25, 2015 With a turnover of more than HK$5-B, HKEx was the most traded stock in Hong Kong before closing down 1.83% at HK$300.20.
that is totally irrelevant. Hardly any punter in HK trades this stock because of anything else than its high volatility and correlation with daily volume, the HK<->Shanghai stock connect volumes and the like.
punter? ha, whatever, that's a funny remark. Then try Singapore Exchange, Australian Exchange, it's stagnated.
Why is this funny? If you look at exchange statistics you will see that the majority of turnover in HK, Shanghai, and Shenzhen originates from retail.
Huh? The majority of HKEx volume is from retail? you are reading a wrong report. https://www.hkex.com.hk/eng/stat/research/Documents/cmts2014.pdf#page14
I referred to turnover by domestic investors, but admittedly even then retail turnover in Hong Kong seems a lot lower than I thought (bit less than 50%). I think the numbers in mainland China however look quite different. Thanks for correcting me, I apparently overestimated retail participation in hk.
Sure yet it still does not change the fact that HKEx is a punter's stock. And I would not really categorize turnover in this stock as institutional with even hk based "family offices" day trading this name on a daily basis.
I'm not sure why we're talking both about both the stock and exchange. Who cares about the exchange's stock. The point is about the instruments on the exchange. It's like saying "CME has the most volume of US futures exchanges" and then critiquing the trading of the CME stock itself. Anyways I trade HSI, HHI from time to time and on SGX I trade A50.