Hong Kong Bourse Plans Micro Futures on Hang Seng, Tech Index
The Hang Seng Index outside the Hang Seng Bank headquarters in Hong Kong.
Photographer: Lam Yik/BloombergHong 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.