HKEx as a stock is quite the exception. Let's see when the last time was other exchange operators stocks moved 5-6% intraday something which is observed quite frequently with HKEx. But you are right this is a point aside...HKEx has not much to offer in terms of product innovation or instrument breath. But then that is not a surprise... it's hard to find a single Asian exchange that lead the way in anything. HKEx has refused to permit listing stocks with multi class structures (though it does not prohibit such) and only now as they see much much revenue they are passing up they start to court Alibaba and Co again. What else is there? A lot of stocks with rampant insider trading...warrants. ..which leverage insider trading schemes, a few index futures with dismal liquidity...options on the indexes with even less liquidity...in summary...given the huge potential they had and still have they are lazy fucks without much imagination and even less motivation. The stock connect between mainland and hk can hardly be called innovative. Meanwhile Japan exchanges have consolidated and upgraded to provide top not HFT capabilities (without judging it's merits) provide colocation and proximity hosting solutions and other features... HKEx imho is the typical example and perfect representation of the average mindset of local hk people (whether managers or employees or business owners): as long as there is enough dumb money flying around there is no need to work hard and be too competitive. I don't agree with such work ethics but that is an entirely different story. Bottom line is HKEx can afford to be complacent for the time being because there is enough dumb Chinese money moving around...
Exchange is not Silicon Valley, we talk about gamble and money, not innovation. after all the world is changing, look at those RMB linked products, who's the leader of the market? it's time to wake up, the centre of the world is shifting.
while we are talking about innovation, I think the best is Moody's, S&P rating all US banks have a good rating AAAAAAA+ but bailed out by the tax payers. meanwhile, at least this moment none of the lousy Chinese bank collapse yet.
it's different market, different world, the new SGX ceo will report duty soon... look at this article that's the local punters want http://www.straitstimes.com/news/op...chief-revive-fortunes-ailing-sgx-20150624?a=1
please, again, what are you suggesting here? Your point is not clear to me at all. As someone already pointed out how much turnover HKEx stock sees means nothing at all. And SGX is a shitty exchange as well, they have not gotten their finger out of their ass for ages and won't in the foreseeable future. The only exchanges that seem to keep up with global innovation is TSE and KRX.
huh? KRX? interesting perception... on Asian market. here are some updates, then wait for ICE Singapore... http://www.businesswire.com/news/ho...apore-Announces-Clearing-Members#.VZClFV9daJI
KRX runs one of the most technologically advanced index future and index option operations. The kospi index future but especially options contract is more liquid even than most of the large US listed index futures or options contracts. And the offer superb connectivity at very low latencies. Kospi futures and options have been one of the first hft houses' contacts they made markets in Asia.
korea is an enclosed market not much than China, you got mis-informed by Oppa Gangnam Style. How do you manange your Won exposure?