Monday October 23 2017
News Source: Global Exchanges
Focus: Derivative Market Segment
Type: General
Country: Hong Kong
Link: http://www.hkgem.com/eng/newsconsul/hkexnews/2017/171020news.htm
The Hong Kong Stock Exchange (HKEX) has announced plans to introduce long-dated contract months for its Hang Seng Index (HSI) and Hang Seng China Enterprises Index (HSCEI) .
The changes will increase the long-dated contract months for its HSI and HSCEI Options, with maturities up to 5.5 years, on Monday, 4 December 2017, subject to regulatory approval.
The planned changes include:
- adding five December contracts for HSI and HSCEI Futures;
- adding two December contracts and stop introducing the last June contract for HSI Options (long-dated contracts will increase from five to six); and
- adding three December contracts for HSCEI Options.
It is expected that such changes will be beneficial to portfolio managers and other Market Participants in managing counterparty risk.
For additional information please click the link above.