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HKEx’s Extended Trading Hours to Begin 7 March

Market Operations
03 Mar 2011

Hong Kong Exchanges and Clearing Limited (HKEx) will implement the first phase of the previously announced extension of the trading hours in its securities and derivatives markets1 from 7 March (Monday) this year, following the completion of the market simulation. 

Starting on 7 March, the trading sessions of HKEx’s securities market will start earlier and will run from 9:30 am to 12:00 noon and then from 1:30 pm until 4:00 pm. Trading in HKEx’s derivatives markets2 and the auction sessions of the securities and derivatives markets will also start earlier from the same day.  As a result of the changes, the publication windows for listed issuers to make Listing Rules-related announcements through the HKExnews website3 will be revised.  Details of the extended trading hours and the revised publication windows are set out in the news release issued on 24 January this year. 

HKEx conducted a series of market simulation sessions in the middle of February this year to assist Exchange Participants (EPs) and information vendors (IVs) in verifying their readiness for the extension of trading hours.  The results were positive.  HKEx wishes to thank EPs and IVs for their participation in the market readiness programme. 

Additional information about the extended trading hours is available in the tables attached below and on the HKEx website.

Notes:

1.   Please see the HKEx news release dated 23 November 2010.
2.   Derivatives market refers to HKEx’s stock futures, stock options, index futures and index options markets.
3.   Issuers are required to publish their Listing Rules-related announcements on the HKExnews website.

 

Extended trading hours for securities, stock futures1 and stock options1 markets

  Current Phase 1
(1.5-hour lunch break)
(effective
7 March 2011)
Phase 2
(1-hour lunch break)
(effective 5 March 2012)
Pre-opening Session2
  • Order input period
  • Pre-order matching period
  • Order matching period
  • Blocking period
09:30-10:00

09:30-09:45
09:45-09:50
09:50-09:58
09:58-10:00

09:00-09:30

09:00-09:15
09:15-09:20
09:20-09:28
09:28-09:30

Same as Phase 1
Morning Session 10:00-12:30 09:30-12:00 Same as Phase 1
Extended Morning Session3 12:30-14:30 12:00-13:30 12:00-13:00
Afternoon Session 14:30-16:00 13:30-16:00 13:00-16:00

Notes:

1 Exchange Participants may amend, cancel or deactivate orders 30 minutes before the opening of the morning and afternoon sessions of the stock futures and stock options markets.
2 The Pre-opening Session applies to securities only.
3 The Extended Morning Session is for the trading of Extended Trading Securities which currently include iShares Korea (4362) and iShares Taiwan (4363) only.

Extended trading hours for index futures and index options markets


Current
Phase 1
(effective 7 March 2011)
Phase 2
(effective 5 March 2012)
Pre-market Opening Period*
  • Pre-Opening
  • Pre-Open Allocation
  • Open Allocation
09:15-09:45

09:15-09:41
09:41-09:43
09:43-09:45

08:45-09:15

08:45-09:11
09:11-09:13
09:13-09:15

Same as Phase 1
Morning Session 09:45-12:30 09:15-12:00 Same as Phase 1
Pre-market Opening Period*
  • Pre-Opening
  • Pre-Open Allocation
  • Open Allocation
14:00-14:30

14:00-14:26
14:26-14:28
14:28-14:30

13:00-13:30

13:00-13:26
13:26-13:28
13:28-13:30

12:30-13:00

12:30-12:56
12:56-12:58
12:58-13:00

Afternoon Session 14:30-16:15 13:30-16:15 13:00-16:15

*   The Pre-market Opening Period applies to the Hang Seng Index, Mini-Hang Seng Index and H-shares Index futures only.


Ends

Updated 03 Mar 2011