Twenty-six series of stock options will have their fees reduced by up to 83 per cent from May 2, as part of a range of measures unveiled yesterday to promote stock options, after the market operator recorded a drop in turnover last year. Turnover in stock options dropped 25 per cent to Joseph Tong Tang, an executive director of Sun Hung Kai Financial, said stock option turnover fell in step with the general decline in overall market turnover of 23 per cent last year.
Turnover on stock options will increase if the overall stock market turnover improves," Tong said. Romnesh Lamba, the HKEx's co-head of global markets, said stock options now represented about half of the HKEx hong and options turnover.
He believes there are opportunities for growth. From May 2, the exchange will also traded fee for real-time stock option prices for a year to enhance transparency and will add a new contract kong to give investors an extra choice. From the second quarter, exchange market makers will need to quote more prices for the option series. In the fourth quarter, the exchange will reduce the minimum trading spread of stock options to cut costs further. Skip to main content.
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Kong exchange will also introduce a Facebook game to introduce options to retail investors. Thank you You are on the list. Traded article appeared in the South China Morning Post print edition as:.
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