Hong Kong Exchanges and Clearing Limited (HKEx) announced that Derivatives Trading Integration was successful today (Monday, 6 August) with the migration of stock options trading to HKATS, the Hong Kong Futures Automated Trading System. Stock options had been traded on TOPS, the Traded Options System. Clearing and settlement of stock options trades continues to be performed on TOPS.

The migration involved 46 Options Exchange Participants of the Stock Exchange of Hong Kong, a wholly-owned subsidiary of HKEx. These Options Exchange Participants continue to be the only Exchange Participants permitted to conduct stock options business.

Derivatives Trading Integration is the first step in the integration of the derivatives market infrastructure. The second step will be the integration of futures and options clearing on the new Derivatives Clearing and Settlement System, or DCASS. HKEx aims to complete Derivatives Clearing Integration in the second quarter of 2002.