Market Making Obligations for Each ETF 
24/10/2017 
 

The permissible range and the actual market making obligations for the Securities Market Makers (SMMs) for the listed ETFs which are contained in Fourteenth Schedule of the Rules of the Exchange are as follows:

 

Ranges within which the Obligations may be prescribed

Actual obligations

 A

B

C

D

 E

The maximum spread of two-sided market making orders entered by a SMM into the System

1 to 40 spreads

3

10

15

20

 30

The minimum quantity of market making orders that a SMM submits

5 to 30 board lots

30

5

5

5

 5

The limit of the bid ask spread under a “Wide Spread”
situation

1 to 45 spreads

 4

15

20

25

 32

The minimum period of time under a “Wide Spread” situation must have occurred continuously in order to constitute a "Wide Spread"

0 to 3 minutes

3

The period of time within which a SMM shall enter market making orders into the System upon an occurrence of Wide Spread

0 to 90 seconds

90

The minimum period of time for which a SMM shall maintain a market making order after initially entering it into the System

0 to 3 minutes

3

The minimum response rate of Wide Spread by a SMM in one month

50 to 100 percent

50

The minimum number of occurrence of Wide Spread in a month for the minimum response rate to apply

0 to 200

50

For more information on the market making obligations, please refer to Appendix to Fourteenth Schedule of the Rules of the Exchange

The actual obligations for the listed ETFs under the different categories are as follows:

Actual obligations for Group A

Tracker Fund of Hong Kong (2800)

 

Actual obligations for Group B

AMUNDI FTSE China A50 Index ETF (2843 / 82843)

AMUNDI Hang Seng HK 35 Index ETF (3012 / 83012)

BMO Asia High Dividend ETF (3145)

BMO Asia USD Investment Grade Bond ETF (3141)

BMO Hong Kong Banks ETF (3143)

BMO MSCI Asia Pacific Real Estate ETF (3121)

BMO MSCI Europe Quality Hedged to USD ETF (3165)

BMO MSCI Japan Hedged to USD ETF (3160)

BMO NASDAQ 100 ETF (3086)

Bosera FTSE China A50 Index ETF (2832 / 82832)

C-Shares CSI 300 Index ETF (3008 / 83008)

C-Shares CSI Consumer Staples Index ETF (3107 / 83107)

C-Shares CSI Healthcare Index ETF (3132 / 83132)

ChinaAMC CES China A80 Index ETF (3180 / 83180)

ChinaAMC CSI 300 Index ETF (3188 / 83188)

ChinaAMC Hang Seng Stock Connect Hong Kong SmallCap Index ETF (3157)

ComStage 1 DAX UCITS ETF (3171)

ComStage 1 DivDAX UCITS ETF (3177)

CSOP CES China A80 ETF (3137 / 83137)

CSOP China 5-Year Treasury Bond ETF (3199 / 83199)

CSOP China CSI 300 Smart ETF (3129 / 83129)

CSOP China Ultra Short-Term Bond ETF (3122 / 83122)

CSOP FTSE China A50 ETF (2822 / 82822)

CSOP MSCI China A International ETF (3149 / 83149)

CSOP MSCI T50 ETF (3021)

CSOP SZSE ChiNext ETF (3147 / 83147)

CSOP S&P New China Sectors ETF (3167)

CSOP WTI Oil Annual Roll December Futures ER ETF (3135)

db x-trackers CSI300 UCITS ETF (3049)

db x-trackers FTSE China 50 UCITS ETF (DR) (3007)

db x-trackers FTSE Vietnam UCITS ETF (3087)

MSCI Brazil Index UCITS ETF (DR) (3048)

db x-trackers MSCI China Index UCITS ETF (DR) (3055)

db x-trackers MSCI Indonesia Index UCITS ETF (3099)

db x-trackers MSCI Korea Index UCITS ETF (DR) (2848)

db x-trackers MSCI Malaysia Index UCITS ETF (DR) (3082)

db x-trackers MSCI Pacific Ex Japan Index UCITS ETF (DR) (3043)

db x-trackers MSCI Philippines IM Index UCITS ETF (DR) (3016)

db x-trackers MSCI Russia Capped Index UCITS ETF (3027)

db x-trackers MSCI Singapore IM Index UCITS ETF (DR) (3065)

db x-trackers MSCI Taiwan Index UCITS ETF (DR) (3036)

db x-trackers MSCI Thailand Index UCITS ETF (DR) (3092)

db x-trackers MSCI USA Index UCITS ETF (3020)

db x-trackers MSCI World Index UCITS ETF (3019)

db x-trackers NIFTY 50 UCITS ETF (3015)

db x-trackers US Dollar Cash UCITS ETF (3011)

E Fund CES China 120 Index ETF (3120 / 83120)

E Fund Citi Chinese Government Bond 5-10 Years Index ETF (2808 / 82808)

E Fund CSI 100 A-Share Index ETF (3100 / 83100)

GFI MSCI China A International ETF (3156 / 83156) 

Haitong CSI300 Index ETF (2811 / 82811)

Hang Seng China A Industry Top Index ETF (3128 / 83128)

Hang Seng FTSE China 50 Index ETF (2838)

Hang Seng H-Share Index ETF (2828 / 82828)

 

 

Hang Seng Index ETF (2833 / 82833)

Hang Seng RMB Gold ETF (83168)

Harvest CSI Smallcap 500 Index ETF (3150 / 83150)

Harvest MSCI China A 50 Index ETF (3136 / 83136)

Harvest MSCI China A Index ETF (3118 / 83118)

iShares Core CSI 300 Index ETF (2846 / 82846 / 9846)

iShares Core Hang Seng Index ETF (3115 / 83115 / 9115)

iShares Core KOSPI 200 Index ETF (Stock Code: 3170 / 83170 / 9170)

iShares Core MSCI AC Asia ex Japan Index ETF (3010 / 83010 / 9010)

iShares Core MSCI Taiwan Index ETF (Stock Code: 3074 / 83074 / 9074)

iShares Core S&P BSE SENSEX India Index ETF (2836 / 82836 / 9836)

iShares DAX Index ETF (Stock Code: 3146 / 83146 / 9146)

iShares EURO STOXX 50 Index ETF (Stock Code: 3155 / 83155 / 9155)

iShares FTSE 100 Index ETF (Stock Code: 2847 / 82847 / 9847)

iShares FTSE A50 China Index ETF (2823 / 82823)

iShares MSCI China A International Index ETF (3162 / 83162)

iShares MSCI China Index ETF (2801)

iShares MSCI Emerging Asia Index ETF (2802)

iShares NASDAQ 100 Index ETF (Stock Code: 2834 / 82834 / 9834)

Lippo Select HK & Mainland Property ETF (2824)

Mirae Asset Horizons CSI 300 ETF (3127 / 83127)

Mirae Asset Horizons Hang Seng High Dividend Yield ETF (3110)

Mirae Asset Horizons KOSPI 200 ETF (2835)

Mirae Asset Horizons MSCI China ETF (3040)

Mirae Asset Horizons S&P Asia ex Japan Healthcare ETF (3153)

Mirae Asset Horizons S&P Crude Oil Futures Enhanced ER ETF (3097)

Mirae Asset Horizons S&P Emerging Asia Consumer ETF (3054)

Ping An of China CSI HK Dividend ETF (3070)

Premia CSI Caixin China Bedrock Economy ETF (2803)

Premia CSI Caixin China New Economy ETF (3173)

Samsung S&P GSCI Crude Oil ER Futures ETF (3175)

SPDR Gold Trust (2840)

SPDR® FTSE® Greater China ETF (3073)

Value China A-Share ETF (3095 / 83095)

Value China ETF (3046)

Value Gold ETF (3081 / 83081 / 9081)

Value Japan ETF (3084)

Value Korea ETF (3041)

Value Taiwan ETF (3060)

Vanguard FTSE Asia ex Japan High Dividend Yield Index ETF (3085)

Vanguard FTSE Asia ex Japan Index ETF (2805)

Vanguard FTSE Developed Europe Index ETF (3101)

Vanguard FTSE Japan Index ETF (3126)

Vanguard S&P 500 Index ETF (3140)

W.I.S.E. - CSI 300 China Tracker (2827)

W.I.S.E. - CSI HK 100 Tracker (2825)

W.I.S.E. - CSI HK Listed Mainland Consumption Tracker (2817)

W.I.S.E. - CSI HK Listed Mainland Real Estate Tracker (2839)

W.I.S.E. - SSE50 China Tracker (3024)

XIE Shares CLSA GARY ETF (3102)

XIE Shares FTSE Chimerica ETF (3161)

XIE Shares FTSE Gold Miners ETF (3116)

 

Actual obligations for Group C

Mirae Asset Horizons S&P Global Consumer Brands ETF (3056)

 

Actual obligations for Group D

ABF HK Bond Index Fund (2819)

 

Actual obligations for Group E

ABF Pan Asia Bond Index Fund (2821)