HKEx Announces Results of Annual Review of Trading-fee Tiers for Stock Options
Market Operations
21 Dec 2015
Hong Kong Exchanges and Clearing Limited (HKEx) will change the trading-fee tier of several of its Stock Option classes from 4 January 2016 based on its latest annual review of the classifications.
The trading-fee classifications are comprised of the following three tiers:
- Tier 1: notional value above $25,000
- Tier 2: notional value of $25,000 or below but above $10,000
- Tier 3: notional value of $10,000 or below
The tier level of an option class is determined by the notional value of the total number of shares of the underlying stock in respect of an option contract during the review period.
The upcoming changes are shown in the table below. They will result in 11 Stock Option classes with lower trading fees and four with higher trading fees.
Stock Option Classes with New Trading-fee Classifications from 4 Jan 2016
|
Underlying Stock |
Stock Code |
HKATS1 Code |
Tier Change |
Trading Fee Change |
|
Kunlun Energy Co. Ltd |
135 |
KLE |
From Tier 1 to
Tier 2 |
From $3 to $1 |
|
Dongfeng Motor Group Co Ltd |
489 |
DFM |
|
China Unicom (Hong Kong) Limited |
762 |
CHU |
|
BYD Company Limited |
1211 |
BYD |
Ping An Insurance (Group) Company
of China, Ltd |
2318 |
PAI |
|
CITIC Securities Co Ltd |
6030 |
CTS |
|
Want Want China Holdings Ltd |
151 |
WWC |
From Tier 2 to
Tier 3 |
From $1 to $0.50 |
|
CNOOC Limited |
883 |
CNC |
|
China Shenhua Energy Company Limited |
1088 |
CSE |
|
Yanzhou Coal Mining Company Limited |
1171 |
YZC |
|
MGM China Holdings Limited |
2282 |
MGM/MGB2 |
|
China Life Insurance Company Limited |
2628 |
CLI |
From Tier 2 to
Tier 1 |
From $1 to $3 |
|
WISE - CSI 300 China Tracker |
2827 |
CS3 |
China Communications Construction
Company Limited |
1800 |
CCC |
From Tier 3 to
Tier 2 |
From $0.50 to $1 |
|
China Merchants Bank Co, Ltd |
3968 |
CMB |
| 1 |
HKATS, Hong Kong Futures Automated Trading System, is the trading system for HKEx's futures and options contracts. |
| 2 |
MGB is an adjusted contract due to a capital adjustment. |
For full list of the Stock Options classes and their new tier levels, please refer to the HKFE circular.
Ends