Hong Kong Exchange Launches New Stock Option Classes, Futures

The Hong Kong Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term (HKEx) announced that it will be introducing two new stock option classes as well as 34 new stock futures contracts. The option classes and 18 of the stock futures will be active from November 30, and the rest of the futures will be launched on December 7.

The stock option classes include shares of a property company, Cheung Kong Property Holdings Ltd., and Chinese nuclear utility CGN Power Co., Ltd. The contract size for Cheung Kong Property Holdings is 1,000 shares in two board lots, and the size for CGN’s stock is 10,000 shares in 10 lots. The trading tariff per side is HKD 3 ($0.39). The contract months for these contracts are from December this year to March 2016, then June and September 2016.

The exchange has invited applications from Market Makers Market Makers Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Read this Term with regard to the new instruments.

The futures contracts to be launched on November 30 include the following companies:

On December 7, HKEx will roll out the following contracts: