May 6th is the day that futures contracts based on the Dow Jones Industrial Average DJIA will begin trading on the Stock Exchange of Hong Kong. The contracts will be priced in Hong Kong dollars based on the formula of the underlying multiplied by HK$10. The market maker for the contracts will be Timberhill.
James Barringer, Asia Pacific regional director for Dow Jones Indexes, confirms that all the necessary approvals have been granted. The firm is awaiting approvals for options contracts based on the DJIA to be granted in Hong Kong, but Barringer believes they will be forthcoming soon. He also claims that the firm will imminently be launching exchange traded funds also...
