HK Index Futures/Options

Hang Seng Index Futures
Trading Location Hong Kong
Exchange Hong Kong Futures Exchange Limited
Contract Multiplier HK $50 per index point
Margin Level * Adjusted correspond with the market, as it may be set from time to time
(Click here for current margins)
Minimum Fluctuation One index point
Trading Hours HK Time 8:45 am – 9:15 am (Pre-Market Opening Period) &
HK Time 9:15 am – 12:00 pm
HK Time 12:30 pm – 1:00 pm (Pre-Market Opening Period) &
HK Time 1:00 pm – 4:30 pm
HK Time 5:15 pm – 3:00 am (Night session)
(Expiring contract month closes at 4:00 pm on the Expiry Day)
Contract Months Short-dated Futures: Spot, next calendar month & next two calendar quarter months; and
Long-dated Futures: the following 5 December months
Daily Fluctuation Limit Nil
Expiry Day The Business Day immediately preceding the last Business Day of the Contract Month

 

Mini Hang Seng Index Futures
Trading Location Hong Kong
Exchange Hong Kong Futures Exchange Limited
Contract Multiplier HK $10 per index point
Margin Level * Adjusted correspond with the market, as it may be set from time to time
(Click here for current margins)
Minimum Fluctuation One index point
Trading Hours HK Time 8:45 am – 9:15 am (Pre-Market Opening Period) &
HK Time 9:15 am – 12:00 pm
HK Time 12:30 pm – 1:00 pm (Pre-Market Opening Period) &
HK Time 1:00 pm – 4:30 pm
HK Time 5:15 pm – 3:00 am (Night session)
(Expiring contract month closes at 4:00 pm on the Expiry Day)
Contract Months Spot, next calendar month & next two calendar quarter months
Daily Fluctuation Limit Nil
Expiry Day The Business Day immediately preceding the last Business Day of the Contract Month

 

H-shares Index Futures
Exchange Hong Kong Futures Exchange Limited
Contract Multiplier HK $50 per index point
Margin Level * Adjusted correspond with the market, as it may be set from time to time
(Click here for current margins)
Minimum Fluctuation One index point
Trading Hours HK Time 8:45 am – 9:15 am (Pre-Market Opening Period)
HK Time 9:15 am – 12:00 pm
HK Time 12:30 pm – 1:00 pm (Pre-Market Opening Period)
HK Time 1:00 pm – 4:30 pm
HK Time 5:15 pm – 3:00 am (Night Session)
(Expiring contract month closes at 4:00 pm on the Expiry Day)
Contract Months Short-dated Futures: Spot, next calendar month & next two calendar quarter months; and
Long-dated Futures: the following 5 December months
Daily Fluctuation Limit Nil
Expiry Day The Business Day immediately preceding the last Business Day of the Contract Month

 

Mini H-shares Index Futures
Exchange Hong Kong Futures Exchange Limited
Contract Multiplier HK $10 per index point
Margin Level * Adjusted correspond with the market, as it may be set from time to time
(Click here for current margins)
Minimum Fluctuation One index point
Trading Hours HK Time 9:15 am – 12:00 pm
HK Time 1:00 pm – 4:30 pm
HK Time 5:15 pm – 3:00 am (Night Session)
(Expiring contract month closes at 4:00 pm on the Expiry Day)
Contract Months Spot, next calendar month & next two calendar quarter months
Daily Fluctuation Limit Nil
Expiry Day The Business Day immediately preceding the last Business Day of the Contract Month
Hang Seng Index Options
Underlying Index Hang Seng Index
Contract Multiplier HK $50 per index point
Minimum Fluctuation One index point
Contract Months Short-dated Options: Spot, next three calendar months & next three calendar quarter months and
Long-dated Options: the next 3 months of June & December and the following 3 December months
Exercise Style European Style
Option Premium Quoted in whole index points
Strike Prices
Short-dated options
>= 20,000 200
>= 5,000  to  <  20,000 100
< 5,000  50
Long-dated options
Index points Intervals
>= 20,000 400
>= 5,000  to  <  20,000 200
< 5,000  100
Trading Hours 9:15 am – 12:00 noon,
1:00 pm – 4:15 pm,  
5:15  pm  –  3:00 am
(Expiring contract month closes at 4:00 pm on the Expiry Day)
Expiry Day The Business Day immediately preceding the last Business Day of the Contract Month
Official Settlement Price Average of quotations of the Hang Seng Index taken at five minute intervals during the Expiry Day
Transaction Costs Exchange Fee – HK $10.00
Commission Levy – HK $0.80

 

Mini Hang Seng Index Options
Underlying Index Mini Hang Seng Index
Contract Multiplier HK $10 per index point
Minimum Fluctuation One index point
Contract Months Spot, next calendar month & next two calendar quarter months
Exercise Style European Style
Option Premium Quoted in whole index points
Strike Prices
Index points Intervals
>= 20,000 200
>= 5,000  to  <  20,000 100
< 5,000  50
Trading Hours 9:15 am – 12:00 noon,
1:00 pm – 4:15 pm,
5:15 pm – 3:00 am
(Expiring contract month closes at 4:00 pm on the Expiry Day)
Expiry Day The Business Day Immediately preceding the last Business Day of the Contract Month
Official Settlement Price Average of quotations of the Hang Seng Index taken at five minute intervals during the Expiry Day
Transaction Costs Exchange Fee – HK $2.00
Commission Levy – HK $0.16

 

H-shares Index Options
Underlying Index Hang Seng China Enterprises Index (HSCEI)
 Contract Multiplier HK $50 per index point
Minimum Fluctuation One index point
Contract Months Short-dated Options: Spot, next three calendar months & next three calendar quarter months and
Long-dated Options: the next 3 months of June & December and the following 3 December months
Exercise Style European Style
Option Premium Quoted in whole index points
Strike Prices
Short-dated options
Index points Intervals
>= 20,000 200
>= 5,000  to  <  20,000 100
< 5,000  50
Long-dated options
Index points Intervals
>= 20,000 400
>= 5,000  to  <  20,000 200
< 5,000  100
Trading Hours 9:15 am – 12:00 noon,
1:00 pm – 4:15 pm,
5:15 pm – 3:00 am
(Expiring contract month closes at 4:00 pm on the Expiry Day)
Expiry Day The Business Day immediately preceding the last Business Day of the Contract Month
Official Settlement Price Average of quotations of the HSCEI taken at five minute intervals during the Expiry Day
Transaction Costs Exchange Fee – HK $3.50
Commission Levy – HK $0.80

 

Mini H-shares Index Options
Underlying Index Hang Seng China Enterprises Index
Contract Multiplier HK $10 per index point
Minimum Fluctuation One index point
Contract Months Spot, next calendar month & next two calendar quarter months
Exercise Style European Style
Option Premium Quoted in whole index points
Strike Prices
Index points Intervals
>= 20,000 200
>= 5,000  to  <  20,000 100
< 5,000  50
Trading Hours 9:15 am – 12:00 noon,
1:00 pm – 4:30 pm,
5:15 pm – 3:00 am
(Expiring contract month closes at 4:00 pm on the Expiry Day)
Expiry Day The Business Day immediately preceding the last Business Day of the Contract Month
Official Settlement Price Average of quotations of the Hang Seng Index taken at five minute intervals during the Expiry Day
Transaction Costs Exchange Fee – HK $1.00
Commission Levy – HK $0.54
USD/CNH Futures
Contract Months Spot month, the next three calendar months and the next three calendar quarter months
Contract Size USD100,000
Minimum Fluctuation RMB 0.0001 (4 decimal places)
Trading Hours 8:30 a.m. – 4:30 p.m. (No break at noon) and
5:15 p.m. – 3:00 a.m. (Expiring contract month closes at 11:00 am on the Last Trading Day)
Final Settlement Day The third Wednesday of the Contract Month
Last Trading Day Two Hong Kong Business Days prior to the Final Settlement Day
Final Settlement Price Spot USD/CNY (HK) fixing published at 11:15 a.m. on the Last Trading Day by Hong Kong Treasury Markets Association (TMA)
Settlement Method Delivery of USD by the Seller and payment of the Final Settlement Value in RMB by the Buyer
Exchange Fee RMB8.00 per contract per side
Block Trade Threshold 50 contracts
CES China 120 Index Futures
Trading Place Hong Kong
Exchange Hong Kong Futures Exchange Limited
Contract Size HK $50 x CHH
Margin Reqirement * Adjusted correspond with the market, as it may be set from time to time
(Click here for current margins)
Minimum Fluctuation 0.5 Index point = HK $25
Trading Hours
(Hong Kong Time)		 9:15 a.m. – 12:00 noon & 1:00 p.m. – 4:15 p.m.
(Expiring contract month closes at 3:00 p.m. on the Last Trading Day)
Trading Months Spot month, the next calendar month and the next two calendar quarter months
Daily Limit Nil
Last Trading Day Business Day immediately preceding the last Business Day of the Contract Month.
If it falls on a Mainland China public holiday, the Last Trading Day will be the previous Hong Kong and Mainland China Business Day.
London Metal Mini Futures
Contract London Aluminium Mini Futures London Zinc Mini Futures London Copper Mini Futures
Underlying High Grade Primary Aluminium
(as defined in the rules and regulations of the LME)		 Special High Grade Zinc
(as defined in the rules and regulations of the LME)		 Copper-Grade A
(as defined in the rules and regulations of the LME)
Contract Size 5 tonnes
Trading Currency RMB
Contract Months Spot Month and the next eleven calendar months
Minimum Fluctuation
/Tick Size		 RMB5.00 per tonne RMB10.00 per tonne
Trading Hours
(Hong Kong Time)		 9:00 am to 4:15 pm (day trading session) and
5:00 pm to 3:00 am the next morning (after-hours trading session)
Last Trading Day (LTD) The LTD determined by the LME for its Aluminium/Zinc/Copper Futures (ie usually two business days before the third Wednesday of the Spot Month).
Final Settlement
Price (FSP)		 The FSP shall be a whole number, determined by the Clearing House, and shall be the Official Settlement Price determined and published by the LME for its Aluminium/Zinc/Copper Futures, and converted to RMB equivalent using the spot USD/RMB pricing published by the TMA in Hong Kong at 11:15 am Hong Kong Time on the LTD.
Settlement Type Cash-settled
Vendor Code
(Bloomberg/Thomson Reuters)		 RALA Cmdty / 0#HHRA: RXSA Cmdty / 0#HLRZ: RUCA Cmdty / 0#HLRC:
Sector Index Futures
Underlying Index CES Gaming Top 10 Index
Hang Seng Mainland Oil & Gas Index
Hang Seng Mainland Banks Index
Hang Seng Mainland Healthcare Index
Hang Seng Mainland Properties Index
Hang Seng IT Hardware Index
Hang Seng Software & Service Index
HKATS Code CES Gaming Top 10 Index – GTI
Hang Seng Mainland Oil & Gas Index – MOI
Hang Seng Mainland Banks Index – MBI
Hang Seng Mainland Healthcare Index – MCI
Hang Seng Mainland Properties Index – MPI
Hang Seng IT Hardware Index – ITI
Hang Seng Software & Service Index – SSI
Contract Multiplier HK $50
Minimum Fluctuation *0.5 Index Point
Margin Reqirement * Adjusted correspond with the market, as it may be set from time to time
(Click here for current margins)
Contract Months Spot, next calendar month & next two calendar quarter months
Trading Hours 9:15 am – 12:00 noon, 1:00 pm – 4:15 pm
(Expiring contract month closes at 4:00 pm on the Last Trading Day)
Last Trading Day The Business Day immediately preceding the last Business Day of the Contract Month
Final Settlement Price The average value of the sector index taken at (i) five (5) minute intervals from five (5) minutes after the start of the trading session on the Last Trading Day up to five (5) minutes before the end of the Continuous Trading Session of SEHK; and (ii) the close of trading on SEHK on the Last Trading Day.
Transaction Costs Exchange Fee* HK$2.00
Commission Levy** HK$0.54