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Reduction of Minimum Spreads

Minimum Spreads Reduction ph2_web EN

Final implementation model:

 

Phase 1

Phase 2

Launch date

4 August 2025

3 August 2026

Applicable securities

Equities, Real Estate Investment Trusts (REITs), equity warrants and other Applicable Securities

(excluding Exchange Traded Products (ETPs), debt securities, Exchange Traded Options (ETOs) and Structured Products)

Spread table changes

Price band

Original min. spread

New min. spread

Price band

Original min. spread

New min. spread

$10 - $20

$0.02

$0.01

(-50%)

$0.5 - $10

$0.01

$0.005

(-50%)

$20 - $50

$0.05

$0.02

(-60%)

 

 

Reference Materials and Frequently Asked Questions

 


Updated 01 Aug 2026

Phase 2

Updated 14 Jul 2026

Phase 1

Updated 10 Apr 2026

Inquiries

For Exchanges Participants’ inquiries under the Reduction of Minimum Spreads, please contact otpc@hkex.com.hk.


This page will be updated regularly to provide all relevant information in relation to the implementation arrangements of the reduction of minimum spreads.

 

Updated 10 Apr 2026