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hkex [2018/10/22 11:23] – [Auction Mechanisms] mayahkex [2024/02/21 10:21] (current) hammed
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   * Short Sale Rules: naked short selling is prohibited and short sell orders must be properly marked. For more information, see the [[https://www.hkex.com.hk/eng/market/sec_tradinfo/regshortsell.htm | Regulated Short Selling]] page.   * Short Sale Rules: naked short selling is prohibited and short sell orders must be properly marked. For more information, see the [[https://www.hkex.com.hk/eng/market/sec_tradinfo/regshortsell.htm | Regulated Short Selling]] page.
   * Circuit Breakers: HKEX limits order entry to prices +/- 25 spreads from the nominal price, and a maximum order size of 3000 round lots. For addition details on the mechanisms monitoring price movements, see the [[https://www.hkex.com.hk/Global/Exchange/FAQ/Top-Questions?sc_lang=en | Frequently Asked Questions]] page.   * Circuit Breakers: HKEX limits order entry to prices +/- 25 spreads from the nominal price, and a maximum order size of 3000 round lots. For addition details on the mechanisms monitoring price movements, see the [[https://www.hkex.com.hk/Global/Exchange/FAQ/Top-Questions?sc_lang=en | Frequently Asked Questions]] page.
 +
 ==== Auction Mechanisms ==== ==== Auction Mechanisms ====
 +
 === Open === === Open ===
 +
 The pre-opening session is as follows: The pre-opening session is as follows:
  
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 1. **Pre-Opening Session** (09:00-09:30) 1. **Pre-Opening Session** (09:00-09:30)
  
-In order to prevent potential wash trades from occurring on the market, DTTW™ will have some restrictions on order entry during this session, as follows:+In order to prevent potential wash trades from occurring on the market, Real Trading will have some restrictions on order entry during this session, as follows:
  
   * Limit orders which would not lock/cross existing orders on our platform will be accepted.   * Limit orders which would not lock/cross existing orders on our platform will be accepted.
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   * Only orders on eligible securities may be sent   * Only orders on eligible securities may be sent
 +  * A list of eligible securities can be found on the [[https://www.hkex.com.hk/Services/Trading/Securities/Securities-Lists/Closing-Auction-Session-(CAS)-Securities?sc_lang=en|Closing Auction Session (CAS) Securities]] page
  
 4. **Closing Print** (random between 16:08:00 and 16:10:00) 4. **Closing Print** (random between 16:08:00 and 16:10:00)
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 **Order Types:** Limit Order with TIF set to DAY and Market Order with TIF set to DAY. **Order Types:** Limit Order with TIF set to DAY and Market Order with TIF set to DAY.
  
-For more information on the auction mechanisms on the Hong Kong Stock Exchange, see the [[https://www.hkex.com.hk/eng/market/sec_tradinfra/tradmech.htm|Trading Mechanism]] and the [[https://www.hkex.com.hk/eng/market/sec_tradinfra/vcm_cas/vcm_cas.htm|Volatility Control Mechanism (VCM) and Closing Auction Session (CAS)]] pages.+For more information on the auction mechanisms on the Hong Kong Stock Exchange, see the [[https://www.hkex.com.hk/eng/market/sec_tradinfra/tradmech.htm|Trading Mechanism]] and the [[https://www.hkex.com.hk/Services/Trading/Securities/Securities-Lists/Volatility-Control-Mechanism-(VCM)-Securities?sc_lang=en|Volatility Control Mechanism (VCMSecurities]] pages.
  
 ===== Additional Info ===== ===== Additional Info =====
  
-Hong Kong [[http://www.hkex.com.hk/eng/market/sec_tradinfo/secstpduty.htm | Warrants]] and certain [[http://www.hkex.com.hk/eng/etfrc/etfta/etftradingarrangement.htm | ETFs]] are exempt from the stamp duty.+Certain Hong Kong [[https://www.hkex.com.hk/Products/Securities/Exchange-Traded-Products/Overview?sc_lang=en | ETFs]] are exempt from the stamp duty.
  
 ===== See Also ===== ===== See Also =====
   * [[market_guides|Market Guides]]   * [[market_guides|Market Guides]]
hkex.1540221781.txt.gz · Last modified: 2018/10/22 11:23 by maya