HKFE has launched Stock Futures and Stock Options of XiaoMi Corporation. Client can login Futures or Stock Options account via

SPTrader (PC)	http://www.cpy.com.hk/us/SP_trader_future.htm
SPTrader Pro HD (Mobile App)	http://www.cpy.com.hk/us/SPTraderPro.htm
SPTrader Pro HD+ (iPad)	http://www.cpy.com.hk/us/SPTraderProHD.htm

Underlying Stock Name (Stock Code)	SP Code	Contract Multiplier (Shares)	No. of Board Lots	Trading Fee (HK$)	Contract Months Available on the Commencement Day
XiaoMi Corporation (1810)	MIU	1,000	5*	$1	Jul, Aug, Sep, Dec 2018 and Mar 2019

For details of contract specification and trading arrangements, please refer to HKEx website.
http://www.hkex.com.hk/-/media/HKEX-Market/Services/Circulars-and-Notices/Participant-and-Members-Circulars/HKFE/2018/MKD_EQD_25_18_e.pdf
Trading Fee
For the avoidance of doubt, the trading fee waiver announced in the circular dated 14 February 2018 will also be applied for XiaoMi stock futures contracts traded on or before 31 August 2018.
Commission Levy
The Commission Levy will be HK$0.10 per contract per side. Pursuant to the Securities and Futures (Levy) Order for New Futures Contracts (s12, Cap 571Z), the Commission Levy for XiaoMi stock futures will be waived for the first 6 months upon commencement of trading, i.e. 9 July 2018 to 8 January 2019 inclusive.

Core Pacific Yamaichi Service and charges http://www.cpy.com.hk/us/service_charges.htm

Underlying Stock Name (Stock Code)	SP Code	Contract Multiplier (Shares)	No. of Board Lots	Trading Fee (HK$)	Contract Months Available on the Commencement Day
XiaoMi Corporation (1810)	MIU	1,000	5*	$1	Jul, Aug, Sep, Oct, Dec 18, Mar & Jun 19

For details of contract specification and trading arrangements, please refer to HKEx website.
http://www.hkex.com.hk/-/media/HKEX-Market/Services/Circulars-and-Notices/Participant-and-Members-Circulars/SEHK/2018/MKD_EQD_26_18_e.pdf
Strike Price
In order to offer more choices for investors, options with strike prices between HK$ 8.5 and HK$ 33.0 (i.e. ranging from 50% above the maximum offer price and 50% below the minimum offer price of the underlying stock) will be available for trading on the Commencement Date. New strike prices subsequent to the Commencement Date will be introduced according to existing procedures.

• Low transaction costs
As stock futures contracts are based on the value of several thousand shares, the stock transaction costs are low relative to purchasing or selling the total underlying shares.
• Ease of short selling
A short position in a stock futures contract can be easily established, allowing investors to benefit from an anticipated fall in the value of the underlying stock.
• Leverage effect
As the margin required to carry a stock futures position is only a fraction of the value of the underlying stock, hedging/trading activities can be conducted with a smaller capital outlay.
• Lower currency exposure for offshore investors
For global investors with an exposure in Hong Kong through stock futures contract, only the margin to carry the position is subjected to home currency price fluctuations.
• Electronic trading
As stock futures are traded on the HKFE's Automated Trading System (ATS), where orders are electronically matched based on price and time priority and bid, offer and transaction prices are instantly disseminated, providing the highest level of price and market transparency.
• Clearing House guarantee
As with all futures and options contracts traded on the HKFE, stock futures are registered, cleared and guaranteed by the HKFE Clearing Corporation (HKCC), a wholly-owned subsidiary of the HKFE. HKCC acts as the counter-party to all open contracts which effectively eliminates counter-party risks between its HKCC Participants. The HKCC guarantee does not cover an HKCC Participant's obligations to its clients. Investors should exercise due care and diligence when deciding through whom they will conduct business.

To ensure adequate market liquidity, registered traders (market makers) make firm bid/offer prices within a maximum spread limit. Price quotations by market makers, together with the participation of other traders, provide an active and liquid market for investors to open and/or close their stock futures positions.

Risks of Trading Stock Futures
Futures involve a high degree of risk. Losses from futures trading can exceed your initial margin funds and you may be required to pay additional margin funds on short notice. Failure to do so may result in your position being liquidated and you being liable for any resulting deficit. You must therefore understand the risks of trading in futures and should assess whether they are right for you. You are encouraged to consult your professional investment consultant on your suitability for futures trading in light of your financial positions and investment objectives before trading.

This advertisement/message has been issued by Core Pacific – Yamaichi Group of Companies (including Core Pacific – Yamaichi International (H.K.) Limited and Core Pacific – Yamaichi Futures (H.K.) Limited) for reference and information purposes only. The information herein contains no invitation, publicity, and introduction or investment opinions for any financial product trading. Investors should be aware that the fluctuation of prices of financial products may give profits to losses. Before investing in relevant financial products, investors should have a deep understanding to their financial status and investment objectives. In the event of any uncertainty on risks of product investment, investors should seek independent professional advice.

*The contracts multiplier will be in multipliers of 5 board lots of the underlying stock.