Bourse trims listing cycle for derivatives

Business | 29 Jun 2020 6:09 pm

Hong Kong Exchange and Clearing (0388) announced that it will shorten the listing cycle of structured products to three trading days from five trading days.

Issuers will be able to list their structured products, such as derivative warrants, callable bull/ bear contracts and inline warrants, on the cash market for trading on the third trading day after their submission of term sheets.

The new listing cycle will improve market efficiency on product issuance, and increase  choices for investors. Products launched on or after July 13 will use the new listing cycle.

“A shorter structured product listing cycle will help issuers better respond to changing market conditions, boosting the efficiency and responsiveness of our market. This is an important step as we further enhance and grow our structured product market, which has been the world’s number one in turnover for over a decade,” said HKEX Head of Markets Wilfred Yiu.

 

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