Hong Kong Exchanges: slow build for high-frequency

BOCA RATON, Fla. -(MarketWatch)- Hong Kong Exchanges & Clearing Ltd. is not rushing to open its markets to high-frequency tradingfirms, despite their power to drive turnover in stocks and derivatives, according to the company’s chief executive.

Rapid-fire electronic trading strategies “ultimately will come” to Hong Kong’s markets, said HKEX CEO Charles Li, but neither the exchange nor regulators are in a hurry to tweak the market’s structure to accomm

odate them.

“Our priority remains opening up mainland China,” Li said Tuesday in an interview on the sidelines of a Futures Industry Association event.

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