Hong Kong’s stock exchange is exploring the launch of so-called micro futures on the Hang Seng Index and its tech gauge to boost trading from retail investors. Hong Kong Exchanges & Clearing Ltd. wants to introduce futures with a multiplier that’s 1/50th of the underlying contract, according to people familiar with the matter, who asked not to be identified as the discussions are private. The bour...
Hong Kong’s stock exchange is exploring the launch of so-called micro futures on the Hang Seng Index and its tech gauge to boost trading from retail investors. Hong Kong Exchanges & Clearing Ltd. wants to introduce futures with a multiplier that’s 1/50th of the underlying contract, according to people familiar with the matter, who asked not to be identified as the discussions are private. The bourse is aiming to list them in the fourth quarter of this year, they added. HKEX currently offers futures and mini futures, which are sized at one-fifth of the underlying contract, so listing them in a smaller size would make them more accessible to investors that may have less capital to play with. “HKEX is committed to continuously enhancing its product ecosystem as part of its broader strategy to support retail participation and broaden investor choice,” a HKEX representative said, declining to give further details. Retail investors in markets including the US and India have increasingly dabbled in derivatives amid advances in trading technologies, the proliferation of low-cost brokerage platforms and growing financial literacy. Micro futures would offer a cheaper way to hedge or gain exposure to Hong Kong’s key benchmark indexes, which staged a stellar rebound starting in 2024 before stumbling in recent weeks.
Stocks rose on hopes for an Iran off-ramp. Iran on Wednesday rejected a U.S. proposal to end the war and set out its own list of demands, including financial compensation for war damages. The British chip-design company, which typically licenses chip designs to other businesses, announced its first-ever in-house chip on Tuesday.
Stocks rose on hopes for an Iran off-ramp. Iran on Wednesday rejected a U.S. proposal to end the war and set out its own list of demands, including financial compensation for war damages. The British chip-design company, which typically licenses chip designs to other businesses, announced its first-ever in-house chip on Tuesday.
Tom Mackenzie, Lizzy Burden and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
Tom Mackenzie, Lizzy Burden and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
UK clothing and homeware retailer working on assumption that war could last three months Business live – latest updates Next has warned that the war in the Middle East will add £15m to its costs on the assumption it will last three months, adding that prices will have to go up if the conflict persists beyond that. The UK clothing and homeware retailer said it was currently offsetting the additiona...
UK clothing and homeware retailer working on assumption that war could last three months Business live – latest updates Next has warned that the war in the Middle East will add £15m to its costs on the assumption it will last three months, adding that prices will have to go up if the conflict persists beyond that. The UK clothing and homeware retailer said it was currently offsetting the additional costs on fuel and air freight with savings elsewhere and it did not expect any affect on profits for the year ahead. Continue reading...