Hong Kong Exchanges and Clearing Limited (HKEX) plans to launch Weekly Hang Seng TECH Index Options on 2 September, subject to regulatory approval.
Weekly Hang Seng TECH Index Options are options that expire every week, supporting needs of investors to manage their positions in response to short-term risks and specific events. There will be two groups of weekly contracts, a spot week and next week, which will be offered.
HKEX will apply a market-wide 50 per cent trading fee discount on the new contracts until further notice. The Commission Levy will also be waived for the first six months upon the commencement of trading.
HKEX successfully launched Weekly Hang Seng Index Options and Weekly Hang Seng China Enterprises Index Options in 2019, with average daily volume (ADV) growing from about 6,000 contracts in 2020 to over 19,000 contracts…
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