Retail investors have become more active in the futures market, taking a greater share of the transactions, according to a Hong Kong Futures Exchange survey.
For Hang Seng Index futures contracts, Hong Kong retail investors carried out 47.1 per cent of the transactions in the 12 months to June, compared with 43.7 per cent in the previous 12 months.
Hong Kong retail investors' share in stock futures trading jumped to 44.5 per cent in the period from 35.4 per cent the previous year.
Institutional players still dominate the Hibor futures market, however, rising 5.2 percentage points to 74.8 per cent of trades in the period.
'Retail investor participation in the [Hibor futures] market remains minimal,' the HKFE said.
The share of hedging transactions in red-chip futures and options jumped nine percentage points to 21.7 per cent, 'reflecting a relatively more volatile underlying market' the HKFE said.
Almost two-thirds of transactions in HSI-100 futures and options were for trading and 27 per cent for arbitrage activities.
The proportion of the HKFE's 120 members with their headquarters in Hong Kong edged up two percentage points to 74.2 per cent, while their share of the volume of transactions rose 2.1 percentage points to 58.1 per cent.