HKEX to Add Currency Derivatives to Holiday Trading Programme
Posted by Colin Lambert. Last updated: February 25, 2024
Hong Kong Exchanges and Clearing (HKEX) has announced the planned inclusion of currency derivatives in its holiday trading programme, which currently allows participants to trade non-HKD products during Hong Kong holidays, when the markets of their underlying securities may be open.
For the currency derivatives, Hong Kong dollar products are not available for trading on holidays, however the exchange group’s renminbi futures and options – HKEX’ largest FX market – will be, against the US and Australian dollars, as well as the Japanese yen and Indian rupee. INR/USD futures will also be available for trading. The addition is scheduled for 29 March 2024.
“We are delighted to be announcing the expansion of our Derivatives Holiday Trading offering to include our highly-popular currency futures and options products, supporting investors’ FX risk management needs during Hong Kong holidays,” says Glenda So, group head of emerging business and FIC at HKEX. ““The launch of Derivatives Holiday Trading in 2022 has enhanced the attractiveness and robustness of HKEX’s derivatives market ecosystem. HKEX will continue to enrich its product offering and develop its market infrastructure, so as to further strengthen Hong Kong’s position as the world’s leading offshore RMB centre and risk management centre.”