Hong Kong Mercantile Exchange

Hong Kong Mercantile Exchange (Chinese: 香港商品交易所; abbreviated as HKMEx) was an electronic commodities exchange established in Hong Kong for the trading of commodity futures, options and other financial derivatives. The exchange was originally pitched as a platform to trade oil futures. In fact, it ended up trading mainly silver and gold futures. On 18 May 2013, the exchange ceased to trade upon surrendering its authorisation to provide automated trading services. The Hong Kong Police have made a series of arrests in connection with the exchange, and are investigating its chairman, Barry Cheung.

Hong Kong Mercantile Exchange

Hong Kong Mercantile Exchange (Chinese: 香港商品交易所; abbreviated as HKMEx) was an electronic commodities exchange established in Hong Kong for the trading of commodity futures, options and other financial derivatives. The exchange was originally pitched as a platform to trade oil futures. In fact, it ended up trading mainly silver and gold futures. On 18 May 2013, the exchange ceased to trade upon surrendering its authorisation to provide automated trading services. The Hong Kong Police have made a series of arrests in connection with the exchange, and are investigating its chairman, Barry Cheung.