THE Hongkong Futures Exchange will introduce an automated price-indication system for its options market after complaints that prices being quoted on screens were out of date.
The exchange is also still wrestling with the problems of producing data on options.
After two days of trade, data produced by the exchange were still inconsistent or incomplete, according to Dr Virginia Mumford, manager for options and product development.
Last night's quotes for the day's highest and lowest prices supplied by the exchange were collected just before the market close instead of after, and the calculations for implied volatility were incomplete.
A potential investor rang Business Post after reading data supplied by the Exchange following Friday's trade to say that if deals were available at the prices printed it would be possible to become a millionaire very quickly.
One problem is that registered dealers are not bothering to update price data for the less popular contracts when the Hang Seng index changes, leaving huge bargains apparently available.