The Hong Kong Stock Exchange (00388) launches incentive plan for currency derivatives products.

On May 16th, the Hong Kong Stock Exchange (00388) announced that from June 2, 2025 to May 31, 2026, it will launch US dollar/renminbi futures, mini US dollar/renminbi futures, US dollar/renminbi options (collectively referred to as the "Cash Liquidity Provider Incentive Program"), as well as the Cash Active Trader Program for US dollar/renminbi futures from July 1, 2025 to May 31, 2026 ("Cash Active Trader Program"). It is reported that the appointment of existing cash liquidity providers ("LPs") for mini US dollar/renminbi futures and US dollar/renminbi options will be extended to May 31, 2026 based on revised terms. Existing LPs need to sign a new appointment letter to extend their term and accept the revised terms. The appointment of existing cash active traders ("ATs") for US dollar/renminbi futures will be extended by one month to June 30, 2025, and the Exchange will notify their sponsoring EPs about the extension. Applicants who wish to participate in the Cash Active Trader Program starting from July 1, 2025 must submit an application.