HKFE To Delist Rolling Forex Futures Contracts

Hong Kong Futures Exchange Limited, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), will delist One-Day Rolling Currency Futures (Rolling Forex) contracts for Euro, Yen, British Pound and Deutschemark on 21 May 2002.

The last trading day for Euro, Yen and British Pound contracts will be 17 May 2002. Trading in the Deutschemark contract has been suspended since the close of trading on 31 August 2001.

All Rolling Forex contracts will be closed out at the Closing Quotation on 17 May 2002 and will not be rolled over.

"The delistings are the result of frequent reviews of our product portfolio to ensure that our products are meeting the needs and demands of the marketplace, in a cost efficient manner," said an HKEx spokesman.