Published On: Fri, Jun 10th, 2011

HKEx to Expand Synthetic Futures Trading in its Stock Options Market from 13 June

Hong Kong Exchanges and Clearing Limited (HKEx) will introduce synthetic futures series in five more stock option classes – Agricultural Bank of China (ABC), Bank of China (BOC), Industrial and Commercial Bank of China (ICBC), iShares FTSE A50 China Index ETF (A50 ETF) and PetroChina – from 13 June this year.

HKEx introduced synthetic futures trading on 9 May this year to help investors manage delta exposure in stock options portfolios and reduce their capital outlays in options-related trading. The current batch of stock option classes with synthetic futures series comprises China Construction Bank (CCB), China Life, China Mobile, HKEx and HSBC.

ABC, BOC, CCB, China Life, China Mobile, HKEx, HSBC, ICBC, PetroChina and A50 ETF are among the most actively traded stock option classes at HKEx.

“Following the smooth introduction of synthetic futures trading in the first half of May, we will offer series in five additional very actively traded stock option classes from mid-June,” said HKEx’s Head of Trading Calvin Tai. “We are optimistic about synthetic futures and their long-term prospects.”

Key market arrangements for synthetic futures and other details are in the HKEx circular to Exchange Participants issued on 11 March this year. Additional information on synthetic futures is in HKEx news release issued on 4 May this year and the Fact Sheet on the HKEx website.

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