FAQ and Briefing Materials
Post Release Test Information Package
Market Rehearsal Information Package
Circular
Market Consultation
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Phase 1
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Phase 2
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Launch date
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4 August 2025
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Around mid-2026
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Lead time
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At least 6 months lead time will be provided to the market before the implementation of Phase 1 and Phase 2 respectively
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Applicable securities
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Equities, Real Estate Investment Trusts (REITs), equity warrants and other Applicable Securities
(excluding Exchange Traded Products (ETPs), debt securities, Exchange Traded Options (ETOs) and Structured Products)
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Spread table changes
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Price band
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Original min. spread
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New min. spread
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Price band
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Original min. spread
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New min. spread
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$10 - $20
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$0.02
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$0.01
(-50%)
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$0.5 - $10
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$0.01
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$0.005
(-50%)
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$20 - $50
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$0.05
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$0.02
(-60%)
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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.