Launch of The HKD-RMB Dual Counter Model in Hong Kong Securities Market – Arrangement in Derivatives Market

This circular relates to the launch of the HKD-RMB Dual Counter Model on 19 June 2023 for selected Dual Counter Securities in the Securities Market. The Exchange Participants are reminded that the underlying stocks for current stock futures and options in the Derivatives Market will remain in HKD counters. Therefore, the prices of the respective underlying HKD counters will be used to determine the Error Trade Price Parameters and maximum spreads in Market Making obligations as appropriate. The list of Stock Futures and Stock Options underlying stocks can be found on the Exchange’s website.

Resource:

https://www.hkex.com.hk/-/media/HKEX-Market/Services/Circulars-and-Notices/Participant-and-Members-Circulars/SEHK/2023/MO_DT_143_23_e.pdf