HKFE backs margin rate for ending large open contracts

The Hong Kong Futures Exchange (HKFE) announced there has been no over-contraction of open positions in the futures market since October 21, which means no single client is holding more than the 10,000-contract threshold requiring the imposition of the special margin. It said: 'We are pleased that the special margin rate achieved the objective of balancing the open interest in HSI futures which had resulted from the rapid build-up of large open positions during the last two weeks in August.'