Hong Kong Exchanges and Clearing Limited (HKEx) has announced market makers, margin rates and information vendors' access codes for HSI Volatility Index (VHSI) futures, which will begin trading in HKEx's derivatives market on Monday, 20 February 2012.
Market Makers
HKEx has appointed the following companies as market makers for VHSI futures to facilitate trading in the new contracts.
|
Name of Market Makers |
Obligations |
|
BNP Paribas Securities (Asia) Ltd |
Provide continuous quotes |
|
Goldman Sachs Futures (Asia) Ltd |
Respond to quote requests |
|
Newedge Financial Hong Kong Ltd |
Provide continuous quotes |
Market Makers will be providing two-sided quotes good for at least five contracts on each side in all the listed contract months.
Margin Rates
The table below shows the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the contract. The margins are based on the clearing company's normal procedures and standard margining methodology.
|
Futures Contract |
Margin Rate |
Initial Margin |
Maintenance Margin |
||
|
VHSI Futures |
Full Rate |
33,870 |
/lot |
27,100 |
/lot |
|
Spread Rate |
10,170 |
/spread |
8,130 |
/spread |
|
HKFE emphasises that the above are minimum rates and Exchange Participants should set their margin requirements according to their clients' individual circumstances.
Information Vendors' Access Codes for VHSI Futures (as of 31 January 2012)
|
Information Vendor |
Access Code |
|
2GoTrade Ltd. |
VHS |
|
ACTIV Financial Systems, Inc. |
VHSI/<Year><Month>.HF |
|
Bloomberg Finance L. P. |
VHSA Index CT <GO> |
|
Delta Wealth Securities Ltd. |
VHSmy |
|
ET Net Ltd. |
VHS |
|
Infocast Ltd. |
Derivatives -> Futures |
|
NextVIEW Pte Ltd. |
VHSI/Market -> HKFE -> HSI Volatility Index Futures |
|
Quick Corp. |
FVHS.ym/HKF |
|
QuotePower International Ltd. |
P11010 |
|
Reuters Ltd, a Thomson Reuters Company |
0#VHSI: |
|
SIX Telekurs Ltd. |
VHSIym,113 |
|
Star Finanical Ltd. |
VHS |
|
Sungard Global Trading (Suisse) SA |
VHSG2, VHSF2, VHSH2 |
|
Tele-Trend Ltd. |
VHFC, VHMYY |
Note: For additional information on VHSI futures, please see the 15 December 2011 news release, "HKEx to Introduce HSI Volatility Index Futures on 20 February", in the News & Consultation section of the HKEx website.
