Hong Kong Exchanges and Clearing Limited (HKEX) will introduce Tracker Fund of Hong Kong (Tracker Fund) and Hang Seng China Enterprises Index ETF futures, its first futures on Exchange Traded Funds, or ETFs, that track Hong Kong stocks, on Monday, 9 April 2018.
The Tracker Fund and Hang Seng China Enterprises Index ETF were the most actively traded ETFs at HKEX last year, with average daily turnovers of more than $1.6 billion and $1 billion respectively.
New Futures
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Underlying ETF (Stock Code)
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Contract Size
(Units)
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Number of Board Lots
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Contract Months Available on the First Day of Trading
|
|
Tracker Fund of Hong Kong (2800)
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50,000
|
100
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Apr, May, Jun, Sep and Dec 2018
|
|
Hang Seng China Enterprises Index ETF (2828)
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5,000
|
25
|
Transactions costs
Exchange Fee: $3.50 per contract per side
Commission Levy: $0.10 per contract per side (waived in the first six months of trading (9 April 2018 to 8 October 2018)).
Commission rate: Negotiable
HKEX has invited applications for market makers.
HKEX’s current ETF futures and options:
- Tracker Fund of Hong Kong Options
- Hang Seng China Enterprises Index ETF Options
- China AMC CSI 300 Index ETF Futures and Options
- CSOP FTSE China A50 ETF Futures and Options
- iShares FTSE A50 China Index ETF Futures and Options
Further details of the new futures are available in a circular issued today. General contract summaries Stock Futures are posted on the HKEX website.
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