18 August 2019

HKEx to expand RMB futures with after-hours trading

Hong Kong Exchanges and Clearing Limited (HKEx) (00388.HK) will add the world’s first deliverable renminbi futures to after-hours trading on April 7.

The futures, which will have a market maker, have a price limit of plus or minus 3 percent of the last traded price of each RMB futures contract month during the day trading, HKEx said Monday.

The new product will have a coverage of 16 months from April. The bourse will also introduce a fourth calendar-quarter month of 2015 June on the same day it launches the RMB futures. The calendar spreads available for trading will also be boosted from six to 10.

HKEx chief executive Charles Li also said the bourse will launch LMEwire, a London Metal Exchange trade reporting service, in September. It will begin consultations this year on a closing auction for the cash market and circuit breakers to protect the market from “disorderly” volatility.

– Contact HKEJ at [email protected]



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