The Hong Kong Exchanges and Clearing (HKEx) will expand synthetic futures trading in its stock options market from June 13, 2011. The HKEx will roll out synthetic futures series in five more stock option classes, the Agricultural Bank of China, the Bank of China, the Industrial and Commercial Bank of China, the iShares FTSE A50 China Index ETF and PetroChina.
Synthetic futures’ trading was launched on May 9, 2011 to help investors manage delta exposure in stock options portfolios and lower their capital outlays in options-related trading. At present, stock option classes with synthetic futures series consist of the China Construction Bank, China Life, China Mobile, HKEx and HSBC.
Click here for the release from Hong Kong Exchanges and Clearing.