HKEx Clearing Fee Revenues Up 100% for '04
EXCHANGE TECHNOLOGIES
HONG KONG—Hong Kong Exchange and Clearing (HKEx) officials reported a 100 percent spike in its clearing and settlement fees as well as an 88 percent jump in trading fees and tariffs for the first half of this year.
HKEx officials say that the increased income is due to the high level of activity in cash and derivatives markets this year, which resulted in the exchange earning more in trading fees and tariffs as well as clearing and settlement fees—a very differing situation than the same period
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