OREANDA-NEWS. Hong Kong Exchanges and Clearing Limited (HKEx) will change the trading-fee tier of several of its Stock Option classes from 4 January 2016 based on its latest annual review of the classifications.

The trading-fee classifications are comprised of the following three tiers: 

  • Tier 1: notional value above $25,000
     
  • Tier 2: notional value of $25,000 or below but above $10,000
     
  • Tier 3: notional value of $10,000 or below

The tier level of an option class is determined by the notional value of the total number of shares of the underlying stock in respect of an option contract during the review period.

The upcoming changes are shown in the table below.  They will result in 11 Stock Option classes with lower trading fees and four with higher trading fees.

Stock Option Classes with New Trading-fee Classifications from 4 Jan 2016

Kunlun Energy Co. Ltd

135

KLE

From Tier 1 to
Tier 2

From $3 to $1

Dongfeng Motor Group Co Ltd

489

DFM

China Unicom (Hong Kong) Limited

762

CHU

BYD Company Limited

1211

BYD

Ping An Insurance (Group) Company
  of China, Ltd

2318

PAI

CITIC Securities Co Ltd

6030

CTS

Want Want China Holdings Ltd

151

WWC

From Tier 2 to
Tier 3

From $1 to $0.50

CNOOC Limited

883

CNC

China Shenhua Energy Company Limited

1088

CSE

Yanzhou Coal Mining Company Limited

1171

YZC

MGM China Holdings Limited

2282

MGM/MGB2

China Life Insurance Company Limited

2628

CLI

From Tier 2 to
Tier 1

From $1 to $3

WISE - CSI 300 China Tracker

2827

CS3

China Communications Construction
  Company Limited

1800

CCC

From Tier 3 to
Tier 2

From $0.50 to $1

China Merchants Bank Co, Ltd

3968

CMB

1 HKATS, Hong Kong Futures Automated Trading System, is the trading system for HKEx's futures and options contracts.
2 MGB is an adjusted contract due to a capital adjustment.