Additionally, a random cutoff mechanism is set to be introduced to the POS and pre-open allocation session to all relevant products in the derivatives market. This will include both morning and afternoon sessions. These changes will be implemented in order to prevent the chances of gaming strategies occurring when manipulating the Calculated Opening Price at…
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Hong Kong Exchanges and Clearing Limited (HKEX) just announced it will implement the Volatility Control Mechanism (VCM) in its derivatives market on 16 January 2017. The rollout was deferred on 13 November 2016 when a technical issue was identified during the final preparation. All necessary analysis and follow-up to resolve the technical issue have been…
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It's been few months since the Hong Kong Exchanges and Clearing Limited (HKEX) has rolled out its Volatility Control Mechanism (VCM) for its securities market. Time has come for the exchange to do the same for its derivatives market on Monday, 14 November 2016. The VCM is a measure designed to protect market integrity by preventing extreme…
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