Hong Kong Futures Exchange (HKFE) today announced margin rates for Rolling Forex Euro Futures, effective from their first day of trading on Friday, 30 April 1999. Rolling Forex Euro Futures will trade on HKATS.

The initial margin is US$2,200 per contract and the maintenance margin is US$1,760 per contract.

The Exchange emphasises that the above are minimum rates and member firms should set their margin requirements according to their clients' individual circumstances.

The Hong Kong Futures Exchange is a leading futures and options market place in the Asia Pacific Region, with a membership of over 130 companies, including a number of major international institutions. The Exchange is actively diversifying its product base, which now includes currency, interest rate and equity-based products.

For further enquiries, please contact HKFE Corporate Communications Manager Miss Chiu Yeung on 2842 9322.