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Reduction of Minimum Spreads

Minimum Spreads Reduction_web EN

 

FAQ and Briefing Materials

 

Post Release Test Information Package

 

Market Rehearsal Information Package

 

Circular

 

Market Consultation

 

 

 

Phase 1

Phase 2

Launch date

4 August 2025

Around mid-2026,

subject to the assessment results of Phase 1 implementation

Lead time

At least 6 months lead time will be provided to the market before the implementation of Phase 1 and Phase 2 respectively

Applicable securities

Equities, Real Estate Investment Trusts (REITs) and other Applicable Securities

(excluding Exchange Traded Products (ETPs), debt securities, Exchange Traded Options (ETOs) and Structured Products)

Spread table changes

Price band

Original min. spread

New min. spread

Price band

Original min. spread

New min. spread

$10 - $20

$0.02

$0.01

(-50%)

$0.5 - $10

$0.01

$0.005

(-50%)

$20 - $50

$0.05

$0.02

(-60%)

 

 

Inquiries

For Exchanges Participants’ inquiries under the Reduction of Minimum Spreads, please contact otpc@hkex.com.hk.



This page will be updated regularly to provide all relevant information in relation to the implementation arrangements of the reduction of minimum spreads.


Updated 15 Aug 2025