Hkex options trading rules. Amendments for the purposes of (i) amending the spread and sell side quotes required of market makers for options with a minimum price fluctuation of HK$ or RMB, and (ii) waiving trading fees for options with contract premium of HK$ or RMB or below (effective from 1 November ) (Marked-up.

Hkex options trading rules

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Hkex options trading rules. Trading Procedures. Stock Index Futures. Stock Index Options. Stock Futures. Options on Stock Futures. HIBOR Futures. EFN Futures. Metal Futures. Currency Futures. Currency Options. Bond Futures.

Hkex options trading rules


The claim must be made no later than 10 minutes after the trade is executed if it is a single leg futures or index options trade. After receiving a claim, HKEX will immediately broadcast an alert on the derivatives market's trading system about the claim and the possible cancellation of the trade. If the parties to the trade agree within 10 minutes after the alert is broadcast that it is an error trade, and if HKEX receives no objections from Exchange Participants within the same minute period, the trade will be cancelled.

If within 10 minutes after the alert is broadcast, the parties to the trade do not agree to its cancellation, if HKEX receives objections from Exchange Participants or if not all parties to the trade can be contacted, a special HKATS Error Trade Review Panel, comprised of members of HKEX's staff, will be convened immediately to review the claim and decide within 10 minutes unless this is impractical whether or not the trade will be cancelled.

In reaching its decision, the panel may consider all facts, including market conditions before, during, and after the transaction. Decisions by the panel are binding on all parties to the trade and will be broadcast on all HKATS workstations as soon as they are made. The panel's decisions are final. The average of the prices of the previous match and the next match in that contract month occurring reasonably close to the time of error trade.

If this, in the opinion of the Exchange, fails to reflect a fair price, the notation price will be determined on the basis of item 2 below. The reasonable bid and offer prices available around the time of error trade. If this, in the opinion of the Exchange, fails to reflect a fair price, the notation price will be determined on the basis of item 3 below. The prices obtained by the Exchange from consulting up to 3 independent market practitioners who have no interest in the trade in order to arrive at a valid notation price.

Notwithstanding the foregoing, the Exchange shall have absolute discretion in determining the notation price. Determination of the notation price of the Stock Index Option Contracts will be based on the followings:. The average of the prices of the previous match and the next match in that option series occurring reasonably close to the time of error trade.

If this average price fails to reflect a fair price, the notation price will be determined on the basis of item ii below. The reasonable bid and offer prices available around the time of error trade, unless in the sole discretion of the Exchange, this fails to reflect a fair price, in which case the Exchange may consult up to 3 independent market practitioners who have no interest in the trade in order to arrive at a valid notation price.

Notwithstanding the foregoing, the Exchange shall have absolute discretion in determining the Reference Price. Notwithstanding the above, the Chief Executive of HKFE or his designee may adopt such other price to be the notation price as he considers appropriate, taking into account the market conditions prevailing at the time of the Error Trade.

Determination of the Reference Price will be based on the average of the prices of the previous match and the next match occurring that trading day in that option series unless in the sole discretion of the Exchange, this fails to reflect a fair price, in which case the Exchange may consult up to 3 independent options market practitioners who have no interest in the trade in order to arrive at a valid Reference Price.

The trade price of the Tailor-Made Combination trade is such that it exceeds whichever is the greater of:. Parameters may be revised by HKEX in which case Participants will be notified before the change takes effect. HKEXnews View listed company announcements and more on the centralised platform for regulatory filings and disclosures. News Alerts Sign up to receive company announcements or website updates by email.

Contact Us Get in touch with our Listing Department. HKEX Calendar Download or subscribe to our calendar containing trading and clearing information, public holidays and more. Market Highlights View the market capitalization, number of listed companies and more in the Hong Kong, Shanghai and Shenzhen markets. Error Trade Handling Procedures. Such claims shall be processed only in accordance with the following procedures: Error trade price parameters. The notation price will be determined as follows: Updated 03 Aug London Aluminium Mini Futures.

London Zinc Mini Futures. London Copper Mini Futures.


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