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HKEx Announces Market Makers, Margin Rates And Information Vendors' Access Codes For HSI Volatility Index Futures

Date 13/02/2012

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
(HK$)

Maintenance Margin
(HK$)

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.