Table of Contents
Hong Kong Futures
Overview
The Hong Kong Futures Exchange (HKFE), part of HKEX, is a derivatives market based in Hong Kong, offering a variety of financial and commodity derivatives.
Currency: Hong Kong Dollar (HKD)
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.
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.
1. Hang Seng Index Futures
contract value = Price * 50 HKD
2. Mini Hang Seng Index Futures
contract value = Price * 10 HKD
3. H-shares Index Futures
contract value = Price * 50 HKD
4. Mini H-shares Index Futures
contract value = Price * 10 HKD
Trading Summary
Please familiarize yourself with the expiration dates of contracts and their universal month codes, which can be found on the Contract Month Codes page.
The symbology format for the available Hong Kong contracts is as follows:
XXX\MYYDD
Where:
- XXX = contract code, e.g., HSI
- M = month code, e.g., K
- 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
- Limit Buy/Sell→ShortSell
- Market Buy/Sell→ShortSell
Basic Market Rules
- Lot Size: 1 contract.
- 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 Frequently Asked Questions page.
Additional Info
For more information, see the Overview page.