HKEx Revises its Plan for Options on CSOP A50 and CAM CSI300 ETFs
Products
14 Jan 2013
Hong Kong Exchanges and Clearing Limited (HKEx) has revised its planned options on Hong Kong dollar-traded units of the CSOP FTSE China A50 (CSOP A50) ETF and ChinaAMC CSI 300 Index (CAM CSI300) ETF, two Exchange Traded Funds (ETFs) with A shares as their underlying benchmark, to reduce trading costs. The rollout date has also been revised to Monday, 28 January 2013 from Monday, 21 January.
The contract sizes have been increased from 200 shares to 5,000 for CSOP A50 Options and 200 to 2,000 shares for CAM CSI300 Options, and the Trading Tariff (per contract) was adjusted to $3 per contract to reflect the larger contract sizes.
Contract Highlights for Stock Options to be Introduced 28 January 2013
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CSOP FTSE China A50 ETF (2822)
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5,000
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HK$
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$3.00
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February - 2013
March - 2013
June - 2013
September - 2013 &
December - 2013
|
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ChinaAMC CSI 300 Index ETF (3188)
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2,000
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HK$
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$3.00
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Note: As the Commencement Day is close to the Spot Month Expiry Day, the January 2013 contract month will not be introduced. April 2013 contract month will be introduced on 31 January 2013.
“We are always listening to the views of our market participants. We are making these changes following feedback we received from the market following our announcement of options on the CSOP A50 and CAM CSI300 ETFs,” said Calvin Tai, HKEx’s Co-head of Equities and FIC (fixed income and currency).
Ends