- Weekly HSI and Weekly HSCEI Options to be introduced from 16 September, subject to regulatory approval
- Two Weekly Index Options contracts will be offered – spot week and next week
- Commission Levy exempted in first six months
Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce that it plans to introduce Weekly Hang Seng Index Options and Weekly Hang Seng China Enterprises Index Options contracts commencing from 16 September 2019, subject to regulatory approval.
The introduction of these two Options, which are plain vanilla options contracts that expire every week, will enhance the trading needs of investors, optimising their risk management capabilities. The contracts can be used to manage positions in response to short-term or specific events, such as economic figure announcements and have a short time to maturity and relatively low option premium.
Two Weekly Index Options contracts will be provided at any time: a spot week contract that will expire on the last business day of the current week, and a next week contract that will expire on the last business day of the following week, except that no Weekly Index Options contract will be introduced if its Expiry Day is the same as the Expiry Day of the Spot Month Contract.
There will be a Commission Levy exemption during the first six months of trading.
Market Making Programme
HKEX has invited applications for Market Markers, who will be required to provide price quotes.
Additional information is available in this circular.
Hong Kong Exchanges and Clearing Limited (HKEX) is one of the world’s major exchange groups, and operates a range of equity, commodity, fixed income and currency markets. HKEX is the world’s leading IPO market and as Hong Kong’s only securities and derivatives exchange and sole operator of its clearing houses, it is uniquely placed to offer regional and international investors access to Asia’s most vibrant markets.
HKEX is also the global leader in metals trading, through its wholly owned subsidiaries, The London Metal Exchange (LME) and LME Clear Limited. This commodity franchise was further enhanced with the launch of Qianhai Mercantile Exchange, in China, in 2018.
HKEX launched the pioneering Shanghai-Hong Kong Stock Connect programme in 2014, further expanded with the launch of Shenzhen Connect in 2016, and the launch of Bond Connect in 2017.