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Market Making Obligations for Each ETF 
23/04/2012 
 

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

CICC-SZSE 100 Index Tracker (3051)

CMS CSI Overseas Mainland Enterprises ETF (2842)

Da Cheng CSI China Mainland Consumer Tracker (3071)

Da Cheng CSI Hong Kong Private-owned Mainland Enterprises Tracker (3022)

Da Cheng CSI Hong Kong State-owned Mainland Enterprises Tracker (3077)

db x-trackers CSI300 Banks Index ETF (3061)

db x-trackers CSI300 Consumer Discretionary Index ETF (3025)

db x-trackers CSI300 Energy Index ETF (3017)

db x-trackers CSI300 Financials Index ETF (2844)

db x-trackers CSI300 Health Care Index ETF (3057)

db x-trackers CSI300 Index ETF (3049)

db x-trackers CSI300 Industrials Index ETF (3005)

db x-trackers CSI300 Materials Index ETF (3062)

db x-trackers CSI300 Real Estate Index ETF (2816)

db x-trackers CSI300 Transportation Index ETF (3063)

db x-trackers CSI300 Utilities Index ETF (3052)

db x-trackers FTSE China 25 ETF (3007)

db x-trackers FTSE Vietnam ETF (3087)

db x-trackers II Australian Dollar Cash ETF (3026)

db x-trackers MSCI Brazil TRN Index ETF (3048)

db x-trackers MSCI China TRN Index ETF (3055)

db x-trackers MSCI EM Asia TRN Index ETF (3035)

db x-trackers MSCI Emerging Markets TRN Index ETF (3009)

db x-trackers MSCI India TRN Index ETF (3045)

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

db x-trackers MSCI Korea TRN Index ETF (2848)

db x-trackers MSCI Malaysia TRN Index ETF (3082)

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

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

db x-trackers MSCI Taiwan TRN Index ETF (3036)

db x-trackers MSCI Thailand TRN Index ETF (3092)

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

db x-trackers MSCI World TRNIndex ETF (3019)

db x-trackers S&P CNX NIFTY ETF (3015)

db x-trackers US Dollar Money Market ETF (3011)

Hang Seng FTSE China 25 Index ETF (2838)

Hang Seng H-Share Index ETF (2828)

Hang Seng Index ETF (2833)

Hang Seng RMB Gold ETF (83168)

HSBC MSCI China ETF (3033)

HSBC MSCI Golden Dragon ETF (3088)

 

HSBC MSCI Hong Kong ETF(3000)

HSBC MSCI Taiwan ETF(3083)

iShares BSE SENSEX India Index ETF (2836)

iShares CSI 300 A-Share Index ETF (2846)

iShares CSI A-Share Consumer Discretionary Index ETF (3001)

iShares CSI A-Share Consumer Staples Index ETF (2841)

      iShares CSI A-Share Energy Index ETF (3050)

iShares CSI A-Share Financials Index ETF (2829)

iShares CSI A-Share Infrastructure Index ETF (3006)

iShares CSI A-Share Materials Index ETF (3039)

iShares FTSE A50 China Index ETF (2823)

iShares MSCI Asia APEX 50 Index ETF (3010)

iShares MSCI Asia APEX Mid Cap Index ETF (3032)

iShares MSCI Asia APEX Small Cap Index ETF (3004)

iShares MSCI China Index ETF (2801)

iShares MSCI Emerging Asia Index ETF (2802)

Mirae Asset TIGER KOSPI 200 ETF (2835)

Mirae Asset TIGER S&P Asia ex JANZ Energy ETF (3076)

Mirae Asset TIGER S&P Asia ex JANZ Financials ETF (3064)

Mirae Asset TIGER S&P Asia ex JANZ Industrials ETF (3075)

Mirae Asset TIGER S&P Asia ex JANZ Materials ETF (3078)

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

Mirae Asset TIGER S&P Asia ex JANZ IT ETF (3066)

Ping An of China CSI HK Dividend ETF (3070)

Ping An of China CSI HK Mid Cap Select ETF (3072)

Ping An of China CSI RAFI A-Share 50 ETF (2818)

Ping An of China CSI RAFI HK50 ETF (3098)

Polaris Taiwan Top 50 Tracker Fund (H.K.) (3002)

SPDR Gold Trust (2840)

SPDR® FTSE® Greater China ETF (3073)

Value China ETF (3046)

Value Gold ETF (3081)

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. - SSE50 China Tracker (3024)

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

XIE Shares India (S&P CNX Nifty) ETF (3091)

XIE Shares Indonesia (LQ45) ETF (3031)

XIE Shares Korea (KOSPI 200) ETF (3090)

XIE Shares Malaysia (FTSE Bursa Malaysia KLCI) ETF (3029)

XIE Shares Philippines (PSEi) ETF (3037)

XIE Shares Taiwan (TAIEX) ETF (3089)

XIE Shares Thailand (SET50) ETF (3069)

 

Actual obligations for Group C

Mirae Asset TIGER 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)