Any broker-dealer that intends to operate a brokerage business for products available on HKEX, using the trading facilities of The Stock Exchange of Hong Kong Limited (Stock Exchange) and/or Hong Kong Futures Exchange Limited (Futures Exchange), must be admitted and registered as an Exchange Participant of that Exchange.
HKEX Participantship Structure
Types of Exchange Participantship
- Stock Exchange Participants are entitled to deal in securities products such as equity securities, equity warrants, Exchange Traded Products, derivative warrants and Callable Bull/Bear Contracts, etc.
- Futures Exchange Participants may deal in all futures and options, with the exception of stock options.
- Brokers that intend to offer stock options brokerage services have to apply to the Stock Exchange to become Stock Options Exchange Participants. Stock Exchange has two types of options participantship: Options Trading Exchange Participant (OTEP) and Options Broker Exchange Participant (OBEP). OTEP can directly trade stock options through HKATS, the automated trading system operated by Hong Kong Futures Exchange Limited, while OBEP can only trade stock options through an OTEP.
An Exchange Participant must also hold at least one Trading Right in the Stock Exchange or Futures Exchange. All new Trading Rights are issued by the respective exchanges and are non-transferable.
Further information on becoming an Exchange Participant and relevant application forms are available in the following sections. The completed application forms should be returned to HKEX Participant Services. For enquiries, please contact us by:
Address : Participant Services, Cash Trading Department
Hong Kong Exchanges and Clearing Limited
6/F, Two Exchange Square
8 Connaught Place, Central
Email : firstname.lastname@example.org
Phone : +852 2840-3626