Bright future for warrants, says HK SFC
Average daily turnover of Hong Kong's derivative warrants hit HK$6.1 billion ($780 million) in the first quarter of 2006, 75% higher than in 2005, says a recent report by the Securities and Futures Commission (SFC).
Hong Kong has been the most active market in the world in the past two years, with turnover rising sixfold between 2002 and 2005. The SFC said the growth in trading was driven by the trading of warrants issued on Chinese stocks. For instance, the trading of warrants issued on the top
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