The Hong Kong Futures Exchange (HKFE) said today that the Securities and Futures Commission (SFC) has approved a new Exchange rule which imposes a client level delta position limit of 10,000 for Hang Seng Index Futures and Options combined.
The Exchange will now confer with the SFC to determine the effective date for the new rule.
"The Exchange believes a client level position limit is the most effective and direct method to avoid potentially destabilising market conditions that may be related to concentrated positions accumulated by a single investor or groups of investors acting in concert," said Acting HKFE Chief Executive William Grossman.
The Hong Kong Futures Exchange is a leading futures and options marketplace in the Asia Pacific Region, with a membership of over 130 companies, including a number of major international institutions. The Exchange is actively diversifying its product base, which now includes currency, interest rate and equity-based products.
For further enquiries, please contact HKFE Corporate Communications: Mr. Mark Tung 2842 9448 or Miss Chiu Yeung on 2842 9322.