Market Making Obligations for Each Leveraged and Inverse Product 
29/09/2017 
 

The permissible range and the actual market making obligations for the Securities Market Makers (SMMs) for the listed Leveraged and Inverse Products 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 Leveraged and Inverse Products under the different categories are as follows:

Actual obligations for Group A

 

Actual obligations for Group B

ChinaAMC Direxion Hang Seng China Enterprises Index Daily (2x) Leveraged Product (7267)

ChinaAMC Direxion Hang Seng China Enterprises Index Daily (-1x) Inverse Product (7341)

ChinaAMC Direxion Hang Seng Index Daily (2x) Leveraged Product (7221)

ChinaAMC Direxion Hang Seng Index Daily (-1x) Inverse Product (7321)

ChinaAMC Direxion NASDAQ-100 Daily (2x) Leveraged Product (7261)

ChinaAMC Direxion NASDAQ-100 Daily (-1x) Inverse Product (7331)

CSOP Hang Seng China Enterprises Index Daily (2x) Leveraged Product (7288)

CSOP Hang Seng China Enterprises Index Daily (-1x) Inverse Product (7388)

CSOP Hang Seng Index Daily (2x) Leveraged Product (7200)

CSOP Hang Seng Index Daily (-1x) Inverse Product (7300)

CSOP Nifty 50 Daily (2x) Leveraged Product (7202)

CSOP Nifty 50 Daily (-1x) Inverse Product (7335)

E Fund Yuanta Hang Seng Index Daily (2x) Leveraged Product (7242)

E Fund Yuanta Hang Seng Index Daily (-1x) Inverse Product (7302)

Mirae Asset Horizons Hang Seng China Enterprises Index Daily (2x) Leveraged Product (7230)

 

Mirae Asset Horizons Hang Seng China Enterprises Index Daily (-1x) Inverse Product (7362)

Mirae Asset Horizons Hang Seng Index Daily (2x) Leveraged Product (7231)

Mirae Asset Horizons Hang Seng Index Daily (-1x) Inverse Product (7336)

Mirae Asset Horizons S&P 500 Daily (2x) Leveraged Product (7222) 

Mirae Asset Horizons S&P 500 Daily (-1x) Inverse Product (7322)

Mirae Asset Horizons Topix Daily (2x) Leveraged Product (7225)

Mirae Asset Horizons Topix Daily (-1x) Inverse Product (7315)

Samsung HSCEI Daily (2x) Leveraged Product (7228)

Samsung HSCEI Daily (-1x) Inverse Product (7328)

Samsung HSI Daily (2x) Leveraged Product (7205)

Samsung HSI Daily (-1x) Inverse Product (7312)

XIE Shares Chimerica FTSE N Share Daily (2x) Leveraged Product (7210)

Actual obligations for Group C

 

Actual obligations for Group D

 

Actual obligations for Group E