Hong Kong Futures And Options Market Trading Hours
*Saturday, Sunday, and Hong Kong public holidays: Closed
Auction Order Limit Order
Morning Pre-opening Session Order Cancel Order Cancel
08:45:00 - 09:10:59 O O O O
09:11:00 - 09:12:59 O X X X
09:13:00 Order Matching Period
09:15:00 A.M. Market Opening
12:00:00 A.M. Market Closing
Afternoon Pre-opening Session Order Cancel Order Cancel
12:30:00 - 12:55:59 O O O O
12:56:00 - 12:57:59 O X X X
12:58:00 Order Matching Period
13:00:00 Order Matching Period
16:30:00 P.M. Market Closing
After-Hours Futures Trading (AHFT) Time No Auction Order
17:15:00 AHFT Opening
01:00:00 AHFT Closing
Auction Order: An auction order is an order with no specified price and is entered into the trading system for execution at the final Indicative Equilibrium Price. Any unfilled auction orders will be cancelled before the commencement of the Continuous Trading Session.
Limit Order: A limit order having a price equal to the best opposite orders will match with opposite orders at the best price queue residing in the System, one by one according to time priority.
*Half-Day Trading Closing Time at 12:30
Hong Kong Futures and Options Contract Details
Contract Code Minimum Fluctuation Contract Multiplier Contract Months
Hang Seng Index Futures HSI 1 index point HK$50 per index point Spot month, next month and next two calendar quarter months
Mini Hang Seng Index Futures MHI 1 index point HK$10 per index point
H-Shares Index Futures HHI 1 index point HK$50 per index point
Mini H-Shares Index Futures MCH 1 index point HK$10 per index point
Hang Seng Index Options HSI 1 index point HK$50 per index point Short-term Options: Spot month, next two months and next three calendar quarter months
LEAPS: next five June and December contract months
H-Shares Index Options HHI 1 index point HK$50 per index point
Mini Hang Seng Index Options MHI 1 index point HK$10 per index point Spot month, next month and next two calendar quarter months
Initial Margin (per contract) Maintenance Margin (per contract)
Margin Deposit for Futures Contracts
Hang Seng Index Futures HK$NaN HK$NaN
Mini Hang Seng Index Futures HK$NaN HK$NaN
H-Shares Index Futures HK$NaN HK$NaN
Mini H-Shares Index Futures HK$NaN HK$NaN
Margin Deposit for Options Contracts
Long Short
Hang Seng Index Options Premium Calculated by SPAN
H-Shares Index Options Premium Calculated by SPAN
- The above margin levels are minimum requirements. If the initial margin falls below maintenance margin, client must deposit funds to initial margin level.
London Metal Mini Futures
London London Aluminium Mini Futures London Zinc Mini Futures London Copper Mini Futures
Underlying Commodity High Grade Primary Aluminium as defined in the rules and regulations of The London Metal Exchange from time to time Special High Grade Zinc as defined in the rules and regulations of The London Metal Exchange from time to time Copper-Grade A as defined in the rules and regulations of The London Metal Exchange from time to time
Trading Symbol LRA LRZ LRC
Trading Symbol 5 tonnes
Trading Currency RMB
Contract Months Spot month and the next eleven calendar months
Minimum Fluctuation RMB5 per tonne RMB10 per tonne
Trading Hours (excluding Last Trading Day) 9:00 a.m. to 4:15 p.m. (day trading session) and
5:00 p.m. to 1:00 a.m. the next morning (After-Hours Futures Trading session)
Trading Hours on the Last Trading Day 9:00 a.m. – 4:15 p.m. (day trading session)
Position Limit 25,000 net long or short in all Contract months combined per Exchange Participant on the Exchange Participant’s own behalf; and 25,000 net long or short in all Contract months combined per Client 50,000 net long or short in all Contract months combined per Exchange Participant on the Exchange Participant’s own behalf; and 50,000 net long or short in all Contract months combined per Client
Large Open Position In any one Contract Month, 500 open contracts per Exchange Participant on the Exchange Participant’s own behalf; and in any one Contract Month, 500 open contracts per Client
Last Trading Day (LTD) The LTD determined by The London Metal Exchange (LME) for its Aluminium/Zinc/Copper Futures Contracts (i.e. Usually two business days before the third Wednesday of the spot month). If it is not a Hong Kong Business Day, the LTD shall be the immediately preceding Hong Kong Business Day
Final Settlement Day The second Hong Kong Business Day after the Last Trading Day
Final Settlement Price (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 Contracts, and converted to RMB equivalent using the spot USD/RMB pricing published by the Treasury Markets Association (TMA) in Hong Kong at 11:15 a.m. HKT on the LTD. It is rounded up if the figure in the first decimal place is 5 or above and rounded down if it is below 5
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