Callable Bull/Bear Contracts Begin Trading in HKEx Securities Market
Products
12 Jun 2006
Callable Bull/Bear Contracts (CBBC) began trading today (Monday) in the securities market of Hong Kong Exchanges and Clearing Limited (HKEx). So far, four issuers have introduced a total of seven CBBC. Together, the seven had turnover volume of 14,502,000 units and turnover value of $14,908,880 on their debut today.
The table below shows today’s turnover of the individual CBBC:
| Stock Code |
Stock Short Name (issuer) |
Turnover
(units) |
Turnover
(HK$) |
Underlying asset(s) |
| 6200 |
AA#HSI RC0611A
(ABN AMRO Bank N.V.) |
3,290,000 |
$749,110 |
Hang Seng Index |
| 6201 |
GS#HSI RC0612A
(Goldman Sachs Structured Products (Asia) Limited) |
2,150,000 |
$462,590 |
Hang Seng Index |
| 6202 |
SG#HSBC RC0612A
(S.G.A. Societe Generale Acceptance N.V.) |
0 |
0 |
HSBC shares |
| 6203 |
SG#HWL RC0612A
(S.G.A. Societe Generale Acceptance N.V.) |
150,000 |
$354,100 |
Hutchison Whampoa shares |
| 6204 |
AA#HSI RP0611B
(ABN AMRO Bank N.V.) |
1,250,000 |
$483,750 |
Hang Seng Index |
| 6205 |
GS#HSI RP0612B
(Goldman Sachs Structured Products (Asia) Limited) |
1,030,000 |
$380,650 |
Hang Seng Index |
| 6901 |
UB#HSBC NC0612A
(UBS AG) |
6,632,000 |
$12,478,680 |
HSBC shares |
'We have introduced the CBBC market to provide investors and issuers with an additional choice in structured products. Investors trading in the Exchange-traded CBBC market enjoy central price transparency, as well as the use of the Exchange’s efficient trading and clearing facilities,' said HKEx Deputy Chief Operating Officer Gerald Greiner.
'The market infrastructure is in place for the long term and we take a long-term view on the development of new products,' Mr Greiner said. 'We will not be drawing any conclusions on CBBC based on the initial trading activity.'