This marks a significant step in Hong Kong’s fixed-income and currencies ecosystem.
They include prediction contracts, products tied to company-specific KPIs and investment in clearing.
There has been growth in affiliations between CFTC-regulated entities and market makers.
The group reported record revenue, EBITDA, net income and EPS.
Prediction markets contracts and revenue grew 106% quarter-over-quarter.
The transactions covered GBP, Swiss franc, euro and cross-currency payment scenarios.
Rates futures, fully electronic U.S. high yield credit, convertibles/swaps/ options, repos had records.
The combinaton creates a fully integrated front-to-back ecosystem spanning the fixed income market.
The global bond market has long been one of finance’s most fragmented and opaque areas.
