Commodity Name |
Mini-Hang Seng Index Futures |
Contract Multiplier |
HK$10 per index point* |
Contract Months |
Spot Month, the next calendar month, and the next two calendar quarter months (i.e. quarterly months are March, June, September and December) |
Contract Multiplier |
One index point |
Maximum Fluctuation |
Nil |
Contracted Price |
The price in whole index points at which a Mini-Hang Seng Index Futures Contract is registered by the Clearing House |
Contracted Value |
Contracted Price multiplied by the Contract Multiplier |
Contracted Price |
The price in whole index points at which a FTSE/Xinhua China 25 Index Futures Contract is registered by the Clearing House |
Position Limits |
Position delta for Mini-Hang Seng Index Futures, Hang Seng Index Futures, Hang Seng Index Options and Mini-Hang Seng Index Options combined of 10,000 long or short in all Contract Months combined provided the position delta for Mini-Hang Seng Index Futures or Mini-Hang Seng Index Options shall not at any time exceed 2,000 long or short in all Contract Months combined. For this purpose, the position delta of one Mini-Hang Seng Index Futures Contract will have a value of 0.2 and the position delta of one Mini-Hang Seng Index Option Contract will be one-fifth of the position delta of the corresponding series in the Hang Seng Index Option Contract. |
Large Open
Positions |
2500 net long or net short contracts, in any one Contract Month, per Exchange Participant for the Exchange Participant's own behalf; and 2500 net long or net short contracts, in any one Contract Month, per client. |
Pre-Market Opening Period |
Hong Kong Time |
|
8:45am - 9:15am |
|
|
1:00pm - 1:30pm |
|
Trading Hours |
Hong Kong Time |
|
9:15pm - 12:00 noon |
|
|
1:30pm - 4:15pm |
|
Trading Hours on Last Trading Day |
Hong Kong Time |
|
9:15am - 12:00 noon |
|
|
1:30pm - 4:00pm# |
|
#The closing time shall be adjusted automatically to correspond with the closing time of the underlying cash market, as it may be set from time to time. |
|
Trading Method |
The Exchange's Automated Trading System (HKATS) |
Final Settlement Day |
The first Business Day after the Last Trading Day |
Settlement Method |
Cash settled contract for difference |
Last Trading Day |
The Business Day immediately preceding the last Business Day of the Contract Month |
Final Settlement Price |
The Final Settlement Price for Mini-Hang Seng Index Futures Contracts shall be a number, rounded down to the nearest whole number, determined by the Clearing House and shall be the average of quotations of the Hang Seng Index taken at five (5) minute intervals during the Last Trading Day and compiled, computed and disseminated by HSI Services Ltd.* The Chief Executive of the Exchange has the power under the Regulations for Stock Index Futures Contracts to determine the Final Settlement Price under certain circumstances. |
Trading Fees & Levies
(per contract per side) |
Exchange Fee |
|
HK$3.50 |
SFC Levy |
|
HK$0.16 |
Total |
|
HK$3.66 |
|
* Same as the Mini-Hang Seng Index Option Contract.
Note: The Mini-Hang Seng Index Futures Contract and the Hang Seng Index Futures Contract are fungible. Positions in these two Exchange Contracts will be netted automatically (in the case of House and Registered Trader accounts) or may be closed out (in the case of Client account) in accordance with the Clearing House Rules. |
The above information is subject to change based on market conditions. |