HONG KONG EXCHANGES AND CLEARING LIMITED HKEx to Change Contract Multipliers of Three Stock Futures
Hong Kong Exchanges and Clearing Limited (HKEx) has announced the contract multipliers of its Tencent, China CITIC Bank and Evergrande stock futures contracts will be reduced from Monday, 25 January 2016.
The planned changes resulted from comments by market participants. Key details are shown in the table below.
Changes in Stock Futures Multipliers Effective 25 January 2016
Stock Code | Underlying Stock Name | HKATS* Code | Contract Multiplier(Shares) | Number of Board Lots | Contract Multiplier(Shares) | Number of Board Lots |
700 | Tencent Holdings Ltd (Tencent) | TCH | 10,000 | 100 | 1,000 | 10 |
998 |
China CITIC Bank Corporation Ltd | CTB | 50,000 | 50 | 20,000 | 20 |
3333 | Evergrande Real Estate Group Ltd (Evergrande) | EVG | 50,000 | 50 | 20,000 | 20 |
* HKATS is the trading system for HKEx's derivatives market.
Further details, including arrangements for contracts with current multipliers, are in a circular issued today.
Investors should consult their brokers if they have any questions about the adjustments.
Ends
HKEx - Hong Kong Exchanges and Clearing Ltd. issued this content on 2016-01-11 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-11 09:37:02 UTC
Original Document: http://www.hkex.com.hk/eng/newsconsul/hkexnews/2016/1601112news.htm
