Notification of Introduction of Weekly Stock Options on 4 November 2024
2024-08-02 13:59 GF Securities (Hong Kong) Brokerage Limited
Date: 02 August 2024
Dear Valued Client,
Notification of Introduction of Weekly Stock Options on 4 November 2024
Thank you for choosing the services of GF Securities (Hong Kong) Brokerage Limited (“GFSHK”).
On 23 July 2024, the Stock Exchange of Hong Kong Limited (“the Exchange” or “SEHK”) issued a circular, making reference to its circular (ref: EQD/03/24) issued on 8 May 2024, regarding the introduction of weekly expiries for selected single stock option classes (“Weekly Stock Options”). The Exchange has announced that regulatory approval has been obtained for the introduction of Weekly Stock Options and subject to market readiness, trading of weekly expiries will commence on Monday, 4 November 2024. Relevant rule amendments related to Weekly Stock Options will be issued via circular separately.
Weekly Stock Options are plain vanilla options contracts that expire every week. The introduction of the Weekly Stock Options is intended to serve the trading and risk management needs of participants in response to short-term or specific events, such as the announcement of economic figures or company earnings announcements.
Please refer to:
Attachment I of the circular for details of the contract design and specifications;
Attachment II of the circular for Market Making Arrangements;
Weekly Stock Options webpage for more details on the technical information for Weekly Stock Options.
For details, please click below links to retrieve the circular:
Should you have any question, please feel free to contact our customer service hotline at (852) 3719-1288/4008695575.
Yours faithfully,
GF Securities (Hong Kong) Brokerage Limited