HKEx Sets Date for Reductions of Minimum Trading Spreads for Securities Priced between $2 and $20
Market Operations
18 Jul 2006
Hong Kong Exchanges and Clearing Limited (HKEx) will reduce the minimum trading spreads for securities trading between $2 and $20 on Monday, 24 July this year.
This date was set after the successful completion of market rehearsals that were conducted on 8 and 15 July and the receipt of the Securities and Futures Commission’s approval of the rule changes engendered by the reductions. HKEx wishes to thank all of those Exchange Participants and traders who participated in the market rehearsals.
The changes resulting from the spread reductions that take effect on 24 July are as follows:
Prices from
(Currency unit) |
Prices to
|
Current Minimum Spread
|
Revised Minimum Spread
|
|
0.01 |
0.25 |
0.001 |
No Change |
|
0.25 |
0.50 |
0.005 |
No Change |
|
0.50 |
1.00 |
0.010 |
No Change |
|
1.00 |
2.00 |
0.010 |
No Change |
|
2.00 |
5.00 |
0.025 |
0.010 |
|
5.00 |
10.00 |
0.050 |
0.010 |
|
10.00 |
20.00 |
0.050 |
0.020 |
|
20.00 |
100.00 |
0.050 |
No Change |
|
100.00 |
200.00 |
0.100 |
No Change |
|
200.00 |
500.00 |
0.200 |
No Change |
|
500.00 |
1,000.00 |
0.500 |
No Change |
|
1,000.00 |
2,000.00 |
1.000 |
No Change |
|
2,000.00 |
5,000.00 |
2.000 |
No Change |
|
5,000.00 |
9,995.00 |
5.000 |
No Change |