Finance Feeds logo

HKEX names liquidity providers and market makers for Alibaba’s futures and options

Maria Nikolova

Stock futures and stock options on Alibaba Group Holding Limited will be introduced on November 26, 2019.

Hong Kong Exchanges and Clearing Limited (HKEX) has earlier today published a list of the liquidity providers and market makers for options and futures of Alibaba Group Holding Limited.

Stock futures on Alibaba will commence trading on Tuesday, November 26, 2019. Hong Kong Futures Exchange Limited announces the following market maker and liquidity providers:

  • Market Maker: IMC Asia Pacific Limited;
  • Liquidity Providers: Eclipse Options (HK) Limited and Haitong International Futures Limited.

The position limit for the Alibaba stock futures will be 5,000 open contracts per contract month. During the first two weeks of the introduction of Alibaba stock futures (i.e. between 26 November 2019 and 9 December 2019), the market making / liquidity providing obligation in terms of the maximum bid / ask spread will be two times of the original obligation.

Market makers/LPs are required to provide bid/ask quotes on the first two listed contract months. On the Commencement Day, the first two listed contract months will be December 2019 and January 2020.

Stock options on Alibaba will commence trading on Tuesday, 26 November 2019. The Stock Exchange of Hong Kong Limited announces the following market makers:

  • Eclipse Options (HK) Limited;
  • IMC Asia Pacific Limited;
  • I-Access Investors Limited;
  • Haitong International Securities Company Limited;
  • Optiver Trading Hong Kong Limited;
  • Susquehanna Hong Kong Limited;
  • Guotai Junan Securities (Hong Kong) Limited.

In order to offer more choices for investors, 12 strikes above and below HK$187.5, the nearest maximum offer price (i.e. HK$188) of the underlying stock, will be available for trading on the Commencement Date. New strike prices subsequent to the Commencement Date will be introduced according to the Operational Trading Procedures for Options Trading Exchange Participants.

The position limit for Alibaba options contracts will be 50,000 open contracts in any one market direction for all expiry months combined.

During the first two weeks (i.e. between 26 November 2019 and 9 December 2019), the market making obligations in terms of the maximum bid / ask spread will be two times of the original obligation.

From the Commencement Date to November 28, 2019, there will be six contract months available for trading and the spot month contract will be December 2019 (i.e. the last third quarter month will not be available). During this period, market makers are required to select assigned series from the six expiry months available. From November 29, 2019 onwards, the number of expiry months available for trading will resume to seven.

Subscribe

Read this next

Digital Assets

Tether expands USDT and XAUT offerings on Telegram

Tether’s stablecoin USDT, which boasts a market cap of $108 billion, has expanded its presence onto The Open Network (TON), a blockchain closely linked to the Telegram messaging app.

Tether
Digital Assets

Embrace the New Era: USDt on TON Revolutionizes Peer-to-Peer Payments

The integration of USDt, the world’s largest stablecoin by market capitalization, onto The Open Network (TON) marks an advancement in the realm of digital finance.

Ramp
Education, Inside View

Charting the Course: Expert Analysis on GBP/USD Signal

The GBP/USD is one of the highly regarded currency pairs in the world of Forex trading, known for being liquid, volatile, and having narrow spreads. Traders Union’s analysis combines the latest economic data, market news, and technical indicators, giving all the insights needed to make informed decisions about trading pounds and dollars.

Monitor Chart
Institutional FX

Iress’ QuantHouse adds BMLL’s historical order book data

“Across the industry, as sophistication levels increase, the demand for superior quality historical market data is intensifying. Market participants need easy access to global, ready-to-use data to improve their own products and strategies, gain a deeper understanding of liquidity dynamics, and generate alpha more predictably, without the burden of data engineering and infrastructure on their P&L.”

SEO

Binance Australia: Revolutionizing Cryptocurrency Trading Down Under

In 2024, Binance Australia continues to shape the cryptocurrency landscape, offering innovative trading solutions and comprehensive support for Australian traders. This article explores its services, regulatory compliance, and what makes it a top choice for crypto enthusiasts in Australia.

Crypto exchange Binance logo
Inside View

European share trading is much higher than believed, says report

“Regulators in the EU and UK need to take the opportunity presented by the imminent establishment of a Consolidated Tape for shares and ETFs to update relevant post-trade transparency rules, so that they capture the full scope of share trading activity in Europe. Without this, Europe risks being left behind.”

Digital Assets

Abra launches prime solutions for digital assets

As an SEC-registered RIA, ACM will now operate as a fiduciary and allow clients to get exposure to the digital asset ecosystem under a separate account structure built on-chain, where clients retain title and ownership over their assets and their assets will be independently verifiable on-chain.

Bitcoin keyboard
Retail FX

Unusual Whales taps Tastytrade as exclusive options broker

“We’re huge fans of Unusual Whales and the transparency they bring to the markets, enabling traders to make informed decisions.”

Industry News

GenAI can help transform OTC derivatives markets, said ISDA whitepaper

The risks of GenAI, however, include data breaches, regulatory issues, bias, as well as sub-standard or simply false results.

<
✖