HKEX to Introduce Weekly Index Options on September 16

Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce that it plans to introduce Weekly Hang Seng Index Options and Weekly Hang Seng China Enterprises Index Options contracts commencing from 16 September 2019, subject to regulatory approval.

The introduction of these two Options, which are plain vanilla options contracts that expire every week, will enhance the trading needs of investors, optimising their risk management capabilities. The contracts can be used to manage positions in response to short-term or specific events, such as economic figure announcements and have a short time to maturity and relatively low option premium.

Two Weekly Index Options contracts will be provided at any time: a spot week contract that will expire on the last business day of the current week, and a next week contract that will expire on the last business day of the following week, except that no Weekly Index Options contract will be introduced if its Expiry Day is the same as the Expiry Day of the Spot Month Contract.

Levy Exemption

There will be a Commission Levy exemption during the first six months of trading.

Market Making Programme

HKEX has invited applications for Market Markers, who will be required to provide price quotes.

Additional information is available in thiscircular.