
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.