Analysis: HKEx's after-hours futures trading may hit small brokers

02/8/2013 | Bloomberg

Hong Kong Exchanges and Clearing says it will start after-hours futures trading, which will place an added burden on smaller brokers, Eleni Himaras writes. "You are forced to expand the trading hours by the futures exchange, but your increased trade or revenue will not be able to cover the increased cost," said Francis Lun of Lyncean Securities. The result could be a further consolidation of the market into the hands of bigger brokerage houses, Himaras writes.

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