Hong Kong stock exchange to extend circuit breakers to futures products to temper wild gyrations in equities and derivatives

Apr 9, 2021 | INVESTING

Hong Kong Exchanges and Clearing Limited (HKEX), the market operator, will further expand its circuit-breaker mechanism starting on April 19 to temper wild swings in the price of futures contracts in Asia’s third-largest capital market.The move will add to similar controls put in place since August 2016, first on extreme gyrations in stocks and a year later on derivative products. They followed a series of events that provoked regulatory probes into market misconduct such as price manipulation…

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