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Rule Update – HKATS Trading Procedures

Amendments for the purpose of implementing the proposal set out in the Consultation Paper on Derivatives Holiday Trading issued in November 2021, under which non-HKD denominated futures and option contracts will be traded and cleared on Hong Kong public holidays. MSCI futures and option contracts will be the first batch of products which are eligible for Derivatives Holiday Trading (effective from 9 May 2022) (Marked-up version of amendments attached for information)

Amendments for the purpose of implementing (i) an upgrade to HKATS, which includes the decommissioning of the network gateway, the discontinuation of the contingency gateway and the replacement of CLICK with a web based online access; and (ii) certain housekeeping changes (effective from 6 May 2019) (Marked-up version of amendments attached for information)

Amendments for the purpose of reflecting the corporate re-branding from “HKEx” to “HKEX” (effective from 17 July 2017) (Marked-up version of amendments attached for information)

Amendments for the purpose of introducing a pre-trade risk management system for the derivatives market (effective from 11 April 2016)   (Marked-up version of amendments attached for information)

Amendments for the purpose of reflecting the new structure of Hong Kong Exchanges and Clearing Limited group after the internal reorganisation (effective from 22 January 2016)   (Marked-up version of amendments attached for information)

Amendments to (i) introduce a central gateway for connection to HKATS following the HKATS upgrade to the Genium INET Platform (the “Genium Upgrade”); (ii) introduce the Tailor-Made Combination function on HKATS to replace the existing Bulletin Board and Non-Standard Combination functions; and (iii) reflect the operational changes in HKATS following the Genium Upgrade (effective from 15 October 2013)   (Marked-up version of amendments attached for information)

Amendments for the introduction of an after-hours trading session for certain markets of HKFE (effective from 8 April 2013)   (Marked-up version of amendments attached for information)

Amendments to (i) facilitate the implementation of various platform infrastructure initiatives that are being undertaken by Hong Kong Exchanges and Clearing Limited, including the construction of its Next Generation Data Centre and the upgrade of its securities and derivatives network, SDNet 2.0; (ii) ensure consistency in the contingency procedures for trading in the derivatives market operated by the Futures Exchange with those for trading in the stock options market operated by The Stock Exchange of Hong Kong Limited; and (iii) clarify the definition of erroneous trades and the Futures Exchange’s power to delete invalid block trades (effective from 26 March 2012)   (Marked-up version of amendments attached for information)

Amendments to the HKATs Trading Procedures in relation to the elimination of certain minor fees (take effect from 1 January 2010)

Amendments to the HKATs Trading Procedures in relation to increasing the maximum number of connections to each network gateway of HKATS, the automated trading system of the Hong Kong Futures Exchange Limited (take effect from 8 September 2008)

Amendments to the HKATs Trading Procedures in relation to streamlining the approval and registration process of Responsible Officers and Authorized Persons of Exchange Participants (take effect from 20 June 2008)

Amendments to the HKATs Trading Procedures in relation to the enhanced trading functionality of block trades in the automated trading system (take effect from 3 March 2008)

 

 

 


Updated 07 Apr 2022