HKEx Sets Date For Reduction Of Minimum Trading Spreads For Securities Priced Between $2 And $20

HKEx Sets Date for Reduction of Minimum Trading Spreads for Securities Priced between $2 and $20

Hong Kong Exchanges and Clearing Limited (HKEx) will reduce the minimum trading spreads for securities trading between $2 and $20 on Monday, 24 July this year.

This date was set after the successful completion of market rehearsals that were conducted on 8 and 15 July and the receipt of the Securities and Futures Commission's approval of the rule changes engendered by the reductions. HKEx wishes to thank all of those Exchange Participants and traders who participated in the market rehearsals.

The changes resulting from the spread reductions that take effect on 24 July are as follows:

Prices from (Currency unit)	Prices to	Current Minimum Spread	Revised Minimum Spread
0.01	0.25	0.001	No Change
0.25	0.50	0.005	No Change
0.50	1.00	0.010	No Change
1.00	2.00	0.010	No Change
2.00	5.00	0.025	0.010
5.00	10.00	0.050	0.010
10.00	20.00	0.050	0.020
20.00	100.00	0.050	No Change
100.00	200.00	0.100	No Change
200.00	500.00	0.200	No Change
500.00	1,000.00	0.500	No Change
1,000.00	2,000.00	1.000	No Change
2,000.00	5,000.00	2.000	No Change
5,000.00	9,995.00	5.000	No Change

Please refer to the HKEx news releases dated 2 June 2006 (http://www.hkex.com.hk/news/hkexnews/0606022news.htm) and 29 June 2005 (http://www.hkex.com.hk/news/hkexnews/0506292news.htm) for more information on HKEx's reduction of minimum trading spreads.