Rules

Holiday Notice

While HKEX’s Hong Kong markets will be closed on 3-7 April, all MSCI and currency products in the derivatives market will be available for trading. The Hong Kong markets will re-open as usual on 8 April. Please visit the HKEX Calendar for detailed trading arrangements and visit the Derivatives Holiday Trading page for a list of Holiday Trading Products.

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HKFE

Rules, Regulations and Procedures of the Futures Exchange

Rules, Regulations and Procedures of the Futures Exchange

	Rules
	Table of Contents
	Preface
	Chapter I - Interpretation Administration and Amendment of the Rules
	Chapter II - Markets and Committees
	Chapter III - Exchange Participantship and Futures Exchange Trading Rights
	Chapter IIIA - Futures Exchange Trading Rights
	Chapter IV - Market Presence
	Chapter V - General Obligations of Exchange Participantship
	Chapter VI - Exchange Participants and Their Clients
	Chapter VII - Disciplinary Matters
	Chapter VIII - Trading Arrangements: Practices and Systems
	Chapter IX - Emergency and Extraordinary Situations
	Chapter X - (deleted)
	Chapter XI - (deleted)
	Chapter XIA - Market Makers
	Chapter XII - Automated Trading System
	Chapter XIII - Overseas Affiliated Participantship
	Chapter XIV - Remote Access Clients
	Chapter XV - Payment of Fees and Charges
	Chapter XVI - Designated Index Arbitrage Transactions and Stock Futures Hedging Transactions
	Chapter XVII - (deleted)
	Appendix A - (deleted)
	Appendix B - Fees
	Schedule - (deleted)

		Contract Spec		Regulations		Trading Procedures
Stock Index Futures
Stock Index Options
Stock Futures
Options on Stock Futures
HIBOR Futures
EFN Futures
Metal Futures
Currency Futures
Currency Options
Bond Futures

For previous updates: please click here

For Exchange Participant admission appeals procedures: please click here

Updated 05 Mar 2026