TOP Expands into OTC Derivatives Business in Multiple Market
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Tuesday, October 25, 2022
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Hong Kong China, Oct. 25, 2022 (GLOBE NEWSWIRE) -- TOP Financial Group Limited (“TOP” or the "Company") (NASDAQ: TOP), a fast-growing online brokerage firm located in Hong Kong specializing in the trading of local and foreign equities, futures, options products and other financial services, today announced that the company is planning to initiate its over-the-counter (OTC) derivatives business in 2023. In addition to existing exchange traded equities, futures and options, TOP will add the OTC derivatives, which including China A-share, Hong Kong and US stock options.
Key Points:
- In addition to existing exchange traded equities, futures and options, TOP will add the OTC derivatives, which including China A-share, Hong Kong and US stock options.
- Derivatives market presents tremendous opportunity for us.
- Just China A share market alone, the derivatives products were RMB 2.08 trillion1 (USD 328 billion) in January 2022, and the U.S. derivatives market was RMB several hundred trillion.
- The major participants in the OTC stock options market include large institutional investors such as mutual funds, commercial banks, pension funds, and funds of funds, and private investors.