Derivatives strong area for growth

PUBLISHED : Tuesday, 08 October, 1996, 12:00am
UPDATED : Tuesday, 08 October, 1996, 12:00am


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Derivatives are an important area of growth for the exchange.

Trading in stock options began in September last year with HSBC Holdings as the underlying stock of the first instruments. From the start of options trading to the end of March, average daily turnover was 6,708 contracts with daily open interest of 70,922 contracts.

By June this year, there were 10 option classes available on well-capitalised widely-held blue-chip stocks.