Shanghai Futes Exchange The pblem is how to balance the ambitions of Hong Kong and Shanghai, and how the central government of Beijing views each city's le in the evolving capital . This year, the Hong Kong Stock Exchange (HKEx) has oained regulatory appval to set up a data center in Shanghai to pvide information directly to mainland China information pviders and oain real-time data fm the Hong Kong stock exchange, Rather than thugh a third party, it aims to ense that Hong Kong maintains and strenens its position as an integrated leader in the global financial s industry. Howr, the Hong Kong Stock Exchange and Shanghai cooperated with the Hong Kong Stock Exchange and sied a memorandum of understanding with the Shanghai Futes Exchange in March, and its chief executive officer, Yang Maijun, said at the time that he hoped to carry out cooperation with the Hong Kong Stock Exchange in business areas of mutual interest.
Although the establishment of the stock exchange of industry and commerce involves the Shanghai Stock Exchange, rather than its futes exchange, in this delicate evolving relationship, for Li Ka Shing, cooperation rather than competition is the ctical moment. The ad in the fute will be damaged. The land and offshore s in the fute will still be very different.
Hong Kong always needs us to pvide different needs.
上海期货交易所（Shanghai Futes Exchange）问题在于，与上海雄心壮志如何平衡，以及北京如何看待每个城市在不断演变资市场中角；今年，港交所获得部门批准，在上海设立一个数据中心，直接向内地市场供应商提供获得交易所实时市场数据，而不是必须通过第三方，它目是确保保持并加强其作为全球金融服务业综合领袖地位。然而，港交所和上海在xx月份与交易所合作，与上海期货交易所签署谅解备忘录，其首席执行官杨迈军当时表示，他希望与港交所在共同感兴趣业务领域开展更多合作。尽管成立工商联交所涉及是上海证交所，而不是其期货交易所，但在这种微妙演变关系中，对李嘉诚来说，合作而非竞争是关键时刻未来道路损坏，未来陆上和离岸市场将仍然非常不同，总是需要我们提供不同需求，他说：。
Ice, which has invested $billion in a deal to buy NYSE Eonext, has agreed to buy its former val NYSE Eonext for $billion, a deal that will enable the ener and commodities exchanges to The deal, announced yesterday as one of the world's largest devatives s, marks the biggest gamble. So far, ice chief executive Jeff sprecher has been eyeing NYSE Eonext Last year, ice and Nasdaq OMX jointly lnched a $100 million hostile takeover and breakup of the NYSE, but abandoned the move after US antitrust thoties threatened to sue to stop it. OMX (NASDAQ OMX ice) will retain the iconic building of the New York Stock Exchange, but hopes to spin off Eonexts cash and stock divisions, including the Pas and Amsterdam stock exchanges, Brussels and Lion.
The company said it is explong a pan Eopean listing if conditions permit and Eopean policy makers support the offeng. The deal will push ice, a long-standing exchange, into the listed interest rate devatives trading sector by pviding ener, emissions and commodities trading. As the world's largest asset class, it will also tranorm the ice into the third-largest futes exchange , said sprecher.
In the face of the global financial csis, the German Stock Exchange and the Chicago Mercantile The E Gup has changed internally, while the devatives has become global; as Eope's major financial institutions tn their attention to other s, many cash and stock s have become regional. Capital efficiency and regulatory reform ; ice's ambitious acquisitions were made before the siificant restructing of devatives transactions.
洲际交易所（ICE）在与收购纽约泛欧交易所（NYSE Eonext）交易中投入了亿美元赌注，洲际交易所（ICE）已同意以亿美元价格收购其年前竞争对手纽约泛欧交易所（NYSE Eonext），这笔交易将使能源和大宗商品交易所（ener and commodities bose）成为全球最大衍生品市场商之一（洲际交易所-泛欧交易所，Intercontinental ExchangeNYSE Eonext）昨宣布这宗交易标志着最大一场迄今为止，ICE首席执行官杰夫·斯普雷彻（Jeff Sprecher）一直觊觎纽交所泛欧交易所（NYSE Eonext •）旗下欧洲衍生品交易所（NYSE Liffe 去年，ICE和纳斯达克OMX联合发起了亿美元敌意收购和拆分纽交所，但在反垄断机构威胁要起诉阻止它之后，它放弃了这一举措。OMX（纳斯达克OMX ICE将保留纽约证交所标志建筑，但希望分拆包括巴黎、阿姆斯特丹证券交易所在内Eonexts股票部门，布鲁塞尔和里斯该公司表示，如果市场条件允许，欧洲政策制定者支持发行，它正在探索泛欧交易所上市。这项交易将推动ICE这个有着悠久历史交易所，通过提供能源、排放和大宗商品交易，进入上市利率衍生品交易领域，作为全球最大资产类别，它还将把洲际交易所改造成第三大期货交易所商，斯普雷彻表示，面对全球金融危机，德国证交所和芝加哥商品交易所集团（E Gup）市场已经发生了内在变化，而衍生品市场已经变得更加全球化；随着欧洲主要金融机构将注意力转向了其他市场，许多和股票市场也变得更加区域化资效率和改革 ICE雄心勃勃收购是在衍生品交易大幅调整之前进行。
HKEx has rejected investors' concerns about the timing of its acquisition of the LME, suggesting that the end of the commodity super cycle has little impact on the fute retns of the deal (HKEx shareholder hkexlme agreed to sell and settle on the HKEx in July to attract customers fm China, due to China's demand for metals and other commodities, China's demand for commodity hedging is expected to gw rapidly. Lmelmelme China accounts for per cent of global metal demand, and the HKEx belis it has an opportunity to use its contacts in China to boost Chinese people. The participation rate of the London Metal Exchange (LME) exceeds the crent ll of%.
Howr, as many economists be to call the end of the commodity super cycle, Charles Li, chief executive of the London Metal Exchange, said the acquisition was made at a time when many economists be to call it the end of the commodity super cycle, saying that the gwth fm the acquisition would not depend on the se or fall of commodity pces we are not in the pe commodity business. The se and fall of commodities is not so important to the structe, he told the financial times; he pointed out that stock exchanges are only when stock pces are expanding or sing, but in terms of the ll of business, we are trying to see if we can convert o fm a single rnue stream (based on fair business) to Multi asset income flow with synergistic effect. Mr.
Li said most of the HKEx's rnue comes fm trading in Hong Kong stocks, warrants and index futes, as well as initial public offengs. Mr. Li attended a meeting in Singapore hosted by Goldman Sachs at which Julian, managing director of Asia Pacific Investment Research at Bank of Ameca, was in Singapore Zhu) said at the meeting that the bank had called for the end of China's commodity super cycle in May, and Zhu Rongji said that China's commodity super cycle would end in three to five years.
交易所拒绝了投资者对其收购伦敦金属交易所时机担忧，这表明大宗商品超周期结束对交易未来回报影响不大（伦敦交易所交易所股东HKEXLME同意于xx月向交易所出售和结算，为吸引更多来自客户，由于对金属和其他大宗商品需求，预计对大宗商品套期保值需求将迅速增长。LMELMELME占全球金属需求%，港交所相信，它有机会利用在华人脉来提振人伦敦金属交易所（LME）参与率超过了目前%水平。然而，在许多经济学家开始称大宗商品超级周期结束之际，伦敦金属交易所（LME）首席执行官李嘉诚（Charles Li）表示，此次收购是在许多经济学家开始称之为大宗商品超级周期结束之际进行，他说，从收购中获得增长不会取决于大宗商品价格涨跌（Charles Li 我们并不从事纯商品业务大宗商品涨跌对市场结构没有那么重要他告诉英国《金融时报》；他指出，证券交易所只有在股票价格膨胀或正在上升，但就业务水平而言，我们正在努力看看我们是否能够将我们市场从一个单一收入流（基于公平业务）转换成具有协同增效作用多资产收益流。
李先生说，交易所大部分收入来自于股票交易，权证和股指期货，以及首次公开募股（IPO）之际，在新加坡参加了由高盛（Goldman Sachs）主办一次会议，会上，银行亚太区投资研究（asiapacic investment research）董事总经理朱立伦（Julian Zhu）在会上说，该行xx月份曾呼吁大宗商品超级周期已经结束，表示，大宗商品超级周期将在3至xx年内结束。