Hong Kong-listed callable bull/bear contracts (CBBCs) and derivative warrants (DWs) have mirrored each other in terms of turnover in 2022 which has recovered the level of 2020.
In 2022, DW turnover fell 27% to HK$1.93 trillion (US$247 billion) while CBBC turnover dropped 11.5% to HK$1.92 trillion year-on-year (YoY). This led to an average daily turnover (ADT) of HK$7.85 billion and HK$7.82 billion, respectively, said Horace Chow and Eva Tsoi (pictured) , director, cross asset listed distribution, global markets, Asia Pacific at Société Générale, in a media briefing held on 10 January. Since the introduction of CBBCs in June 2006
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