According to reports, Hong Kong Exchanges and Clearing Limited (HKEX) will launch options contracts that expire on the same day as trading in the first half of 2026, bringing this financial instrument, which has recently gained popularity in the US derivatives market, to Asia's financial center.
Bloomberg reported on the 27th, citing sources familiar with the matter, that HKEX plans to introduce Hang Seng Index "zero-day options" contracts. HKEX has consulted market participants on this matter, and the feedback has been positive.
These 0DTE contracts were first introduced in the United States in 2022, and by the fourth quarter of 2024, their trading volume accounted for more than half of the total trading volume of S&P 500 index options.
These "zero-day options" contracts refer to options instruments that expire on the same day they are purchased, allowing investors to execute precise trading and risk management for short-term market fluctuations.
According to Bloomberg, the Managing Director of Equities Product Development at HKEX recently stated at a forum that the demand for short-term contracts is "very strong," and HKEX hopes to replicate the successful experience of the world's largest stock market.
HKEX is continuously expanding its options product lineup. Driven by active stock trading and new listings, its quarterly profit has hit a new high. In September last year, HKEX launched weekly options for the Hang Seng Technology Index, and in November, it added weekly options for 10 individual stocks.
In 2025, the Hong Kong derivatives market had a strong start, and on the first day of Ningde Times' listing on HKEX last week, options trading volume surpassed the performance of the largest new stock in Hong Kong over the past decade.