HKEx Derivatives Market Volume Rises 13.9 Per Cent In 2001

The Hong Kong Exchanges and Clearing Limited (HKEx) Derivatives Market's total futures and options contract volume rose 13.9 per cent in 2001 from the previous year.

Among the most active contracts, Three-Month HIBOR Futures volume rose 93.6 per cent, Hang Seng Index Options rose 31.6 per cent and Hang Seng Index Futures volume rose 9.4 per cent.

HKEx Derivatives Market Volume Statistics for 2001

Contract	Average Daily Volume in 2001 (Contracts)	Volume Jan-Dec 2001 (Contracts)	Volume Jan-Dec 2000 (Contracts)	% Change Jan-Dec 2001 vs Jan-Dec 2000

Total Futures*	24,198	5,830,672	4,521,926	+28.9

Hang Seng Index Futures	18,220	4,400,071	4,023,138	+9.4
Mini - Hang Seng Index Futures	3,188	769,886	120,165**	-
MSCI China Free Index Futures	20	3,141	-	-
Stock Futures	29	6,945	3,322	+109.1
International Stock Futures	13	811	-	-
Rolling Forex	17	4,226	3,279	+28.9
One-Month HIBOR Futures	59	14,315	12,075	+18.6
Three-Month HIBOR Futures	2,607	629,491	325,155	+93.6
Three-Year Exchange Fund Note Futures	42	1,175	-	-

Total Options*	19,559	4,718,880	4,738,644	-0.4

Hang Seng Index Options	2,965	716,114	544,047	+31.6
Stock Options	16,567	4,001,014	4,188,702	-4.5
International Stock Options	26	1,641	-	-

Total Futures and Options*	43,757	10,549,552	9,260,570	+13.9

* Trading in some contracts was suspended in 2001. Those contracts were included in the totals but not listed in the table.
** Trading in Mini-Hang Seng Index futures commenced on 9 October 2000.

The following established contracts set daily volume and open interest records in 2001:

Contract	Highest Daily Volume (contracts)	Date	Highest Open Interest (contracts)	Date
Stock Options	-	-	606,025	21/2/2001
Three-Month HIBOR Futures	10,050	24/7/2001	80,964	15/11/2001
Mini-HSI Futures	6,426	21/12/2001	3,190	27/9/2001
One-Month HIBOR Futures	800	9/1/2001	3,250	12/4/2001

The following are the records for contracts introduced in 2001:

Contract	Highest Daily Volume (contracts)	Date	Highest Open Interest (contracts)	Date
International Stock Options	1,169	8/11/2001	1,440	25/12/2001
MSCI CFI Futures	198	28/12/2001	263	28/12/2001
Three-Year EFN Futures	175	30/11/2001	375	31/12/2001
International Stock Futures	100	26/11/2001	111	29/11/2001

Other Highlights:

Mini-HSI Futures' December 2001 volume of 75,222 contracts was up 78 per cent from December 2000, and Mini-HSI Futures average daily volume in December 2001 was 4,179 compared with 2,223 in December 2000.
A total of 629,491 Three-Month HIBOR Futures contracts were traded in 2001 compared with 325,155 in 2000.
A total of 6,945 Stock Futures contracts were traded in 2001 compared with 3,322 in 2000.
The 2001 volume for Three-Year EFN Futures, which were introduced on 19 November, was 1,175 contracts.