Differences

This shows you the differences between two versions of the page.

--- hong_kong_futures [2017/08/08 12:57] – [Overview] maya
+++ hong_kong_futures [2024/02/21 10:21] (current) – hammed
@@ Line 9: / Line 9: @@
 Currency: Hong Kong Dollar (HKD)
-[[https://www.hkex.com.hk/eng/prod/drprod/hkifo/tradcalend_1.htm|Holiday Schedule]]\\
+[[http://www.hkex.com.hk/News/HKEX-Calendar?sc_lang=en|Calendar]]\\
-[[http://www.hkex.com.hk/eng/prod/drprod/hkifo/tradcalend_2.htm|Trading Calendar]]
+[[https://www.hkex.com.hk/Services/Trading-hours-and-Severe-Weather-Arrangements/Trading-Hours/Derivatives-Market?sc_lang=en|Trading Hours]]
-===== Trading Hours =====
-Morning Session: 9:15 - 12:00
+**Note**: Please note that Real Trading does not support trading in the AHT session in the Hong Kong Futures market. Traders must get flat at the end of the regular trading session.
-Afternoon Session: 13:00 - 16:30
-**Note:** 24-hour trading is not available yet, thus HK futures trading takes place only during the morning and afternoon sessions.
 ===== Contracts =====
+You can use the following formula to calculate the contract value for each futures series. This value represents the amount of Buying Power (BP) you would need to trade a single contract.
 . [[http://www.hkex.com.hk/eng/prod/drprod/hkifo/fut.htm | Hang Seng Index Futures]]\\
-contract size / BP = Price * 50 HKD\\
+contract value = Price * 50 HKD
 . [[http://www.hkex.com.hk/eng/prod/drprod/mhsifo/minif.htm | Mini Hang Seng Index Futures]]\\
-contract size / BP = Price * 10 HKD\\
+contract value = Price * 10 HKD
 . [[http://www.hkex.com.hk/eng/prod/drprod/hshares/hhifut.htm | H-shares Index Futures]]\\
-contract size / BP = Price * 50 HKD\\
+contract value = Price * 50 HKD
 . [[http://www.hkex.com.hk/eng/prod/drprod/mchfut/mchfut.htm | Mini H-shares Index Futures]]\\
-contract size / BP = Price * 10 HKD\\
+contract value = Price * 10 HKD
 ===== Trading Summary =====
-Please make sure that you familiarize yourself with the expiration dates of the different contracts and the universal month codes for them. The month codes to denote contract expiration months are universal, and can be found on the [[http://www.cmegroup.com/product-codes-listing/month-codes.html|Month Codes]] page.
+Please familiarize yourself with the expiration dates of contracts and their universal month codes, which can be found on the [[http://www.cmegroup.com/product-codes-listing/month-codes.html|Contract Month Codes]] page.
 The symbology format for the available Hong Kong contracts is as follows:
@@ Line 40: / Line 39: @@
 XXX\MYYDD
-where:\\
+Where:
-XXX = contract code, e.g., **HSI**\\
-M = month code, e.g., **K**\\
+  * XXX = contract code, e.g., **HSI**
-YY = two-digit year code, e.g., **15**\\
+  * M = month code, e.g., **K**
-DD = two-digit day of expiration, e.g., **28**\\
+  * YY = two-digit year code, e.g., **15**
+  * DD = two-digit day of expiration, e.g., **28**
 For example, the Hang Seng Index Futures expiring on May 28, 2015, would be: **HSI\K1528**
+**Note:** please be aware that on the last day of trading (expiry date), traders cannot hold a position on a symbol.
 ==== Order Types ====
@@ Line 57: / Line 60: @@
   * Tick Size: varies by contract.
   * Short Sale Rules: short selling is allowed, and no mark or locates are required for shorting.
+  * 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.
 ===== Additional Info =====
-For more information, see the [[http://www.hkex.com.hk/eng/rulesreg/traderules/tradingrules.htm|Trading Rules]] page.
+For more information, see the [[http://www.hkex.com.hk/services/rules-and-forms-and-fees/rules/overview?sc_lang=en|Overview]] page.
 ===== See Also =====
   * [[market_guides|Market Guides]]