HKEx: Year's Derivatives Turnover Reaches 100 Million Contracts For First Time

The Hong Kong Exchanges and Clearing Limited (HKEx) derivatives market reached a major milestone today, with year-to-date turnover exceeding 100 million futures and options contracts for the first time.

This year's turnover set a record on 29 October, when it surpassed the previous all-time high turnover of 87,985,686 contracts for all of last year.

Major contributors to this year's record high turnover include stock options (about 52 per cent of the total), Hang Seng Index (HSI) futures (about 21 per cent) and H-shares Index (HHI) futures (about 14 per cent).

In the first 11 months of this year, derivatives market turnover was up nearly 20 per cent from the same period last year, with the growth mainly driven by increases in trading of HHI futures (up 33 per cent), HSI futures (up 27 per cent) and stock options (up 20 per cent).

Most Actively Traded HKEx Deriv at ive Market Products (Jan-Nov 08)

The stock options market has benefited in recent years from investor interest in the market's China dimension, which provided eight of the 10 most actively traded stock option classes in the first 11 months of this year.

Top-10 Most Actively Traded Stock Options Classes (Jan - Nov 08)