Hong Kong Bourse Offers Asia’s First Futures on Volatility
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Hong Kong’s stock market today started selling the first futures tracking volatility in Asia, the fastest-growing region for derivatives.
Futures on the HSI Volatility Index, which tracks expected equity-market volatility over the next 30 days, are the first of their kind based on an Asian market, according to Calvin Tai, head of trading at the Hong Kong Exchanges & Clearing Ltd. The Osaka Securities Exchange Co. will begin offering futures on Japan’s Nikkei Stock Average Volatility Index on Feb. 27, according to the bourse.