In the Spotlight: HKEX Options on Futures Contracts (OOF)
HKEX to Introduce Options on Futures Contracts
HKEX launched the physically settled Options on Futures Contracts (OOF) on Hang Seng Index Futures and Hang Seng China Enterprises Index Futures on Monday, 23 August.
The new OOF will offer investors a suite of new trading and risk management tools. Investors holding OOF will have the opportunity to take a futures position on HKEX’s markets prior to the settlement of the underlying futures contract.
Contract Specifications for Hang Seng Index Futures (HSIF) Options
| Underlying | Hang Seng Index Futures traded on the Exchange |
| Contract Multiplier | HK$50 per Index point (Same as the HSIF Contract) |
| Contract Months | For Short-dated Options: Spot Month, the next three calendar months and the next three calendar quarter months (i.e. quarter months are March, June, September and December) For Long-dated Options: the three months of June and December plus the next three months of December following the Contract Months specified for Short-dated Options |
| Minimum Fluctuation | One Index point |
Contract Specifications For Hang Seng China Enterprises Index Futures (HSCEIF) Options
| Underlying | Hang Seng Index Hang Seng China Enterprises Index Futures traded on the Exchange |
| Contract Multiplier | HK$50 per Index point (Same as the HSCEIF Contract) |
| Contract Months | For Short-dated Options: Spot Month, the next three calendar months and the next three calendar quarter months (i.e. quarter months are March, June, September and December) For Long-dated Options: the three months of June and December plus the next three months of December following the Contract Months specified for Short-dated Options |
| Minimum Fluctuation | One Index point |
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