warrant-and-cbbc-volumes-recover-after-slump

Warrant and CBBC volumes recover after slump

Appetite for warrants and callable bull/bear contracts in Hong Kong improved over the course of 2009, a trend HSBC expects will continue in 2010.

HSBC says that warrants and callable bullbear contracts CBBCs will find favour with investors in 2010, continuing a trend that gained momentum in 2009.

Our warrantCBBC total turnover dropped 23% in 2009 to around HK$3.4 trillion $438 billion, said Keith Chan, the head of listed products sales in HSBC's global markets team, who joined the bank in September. Speaking at a recent market review session, he attributed this decline to the relatively weak performance of the Hong Kong stock market in early 2009. However, warrant and CBBC turnover increased each quarter during 2009, and was back to about mid-2008 levels by the last quarter of 2009.

HSBC said...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222