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HKEX to Introduce New Stock Option Classes and Stock Futures Contracts

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21 Dec 2017

  • 5 new stock option classes and 4 new stock futures contracts to be introduced on 5 February 2018
  • Commission levy for new stock futures to be wavied for the first 6 months 

 

Hong Kong Exchanges and Clearing Limited (HKEX) will introduce five new stock option classes and four new stock futures contracts on 5 February 2018 (Monday).

HKEX has invited applications for market makers for the new options and futures. The Commission levy for the new stock futures will be waived for the first six months upon commencement of trading.

New stock option classes to be introduced on 5 February 2018

Underlying Stock Name(Stock Code)

HKATS

Code

Contract Size

(shares)

No. of

Board Lots

China Evergrande Group (3333)

EVG

2,000

2

Country Garden Holdings Co Ltd (2007)

COG

5,000

5

Guangzhou Automobile Group Co Ltd (2238)

GAC

4,000

2

Sunac China Holdings Ltd. (1918)

SUN

2,000

2

Sunny Optical Technology (Group) Co Ltd (2382)

SNO

1,000

1

Notes

  • Stock Options Trading Tariff: $3.00 per contract per side (Tier level 1)
  • Seven Contract Months available for trading on launch day: Feb, Mar, Apr, May, Jun, Sep and Dec 2018.

 

New stock futures contracts to be introduced on 5 February 2018

Underlying Stock Name(Stock Code)

HKATS Codes

Contract Size (Shares)

No. of Board Lots

AIA Group Limited(1299)

AIA

1,000

5

AAC Technologies Holdings Inc. (2018)

AAC

1,000

2

Country Garden Holdings Co Ltd (2007)

COG

5,000

5

Sunny Optical Technology (Group) Co Ltd (2382)

SNO

1,000

1

Notes

  • Stock Futures Trading Fee: $3.5 per contract per side.
  • Commission Levy: waived for the first six months upon commencement of trading.
  • Five Contract Months available for trading on launch day: Feb, Mar, Apr, Jun and Sep 2018.

Details of the new options and futures are available in the SEHK and HKFE circulars. General contract summaries Stock Options and Stock Futures are posted on the HKEX website.

Market makers for stock futures 

Investors should be aware that some stock futures contracts have market makers and others do not. In addition, they should remember that the availability of market makers may change from time to time.  The list of market makers for HKEX’s stock futures will be updated on the HKEX website periodically.

Investors should exercise due caution in trading stock futures contracts without market makers and understand the liquidity risk involved.  If there are no market makers, investors cannot open or close stock futures positions unless there are investors with opposite views in the market.

 

Ends

Updated 08 Feb 2018

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