Trading Arrangements of Exchange Traded Funds and Leveraged and Inverse Products 
11/11/2016 
 

 

 

Listed ETFs

Listed L&I Products

Trading Only ETFs
under Pilot Programme

Trading Hours

Pre-opening Session:
09:00 - 09:30

Morning Session:
09:30 - 12:00

Afternoon Session:
13:00 - 16:00

Closing Auction Session:
16:00 - 16:10

Pre-opening Session:
09:00 - 09:30

Morning Session:
09:30 - 12:00

Afternoon Session:
13:00 - 16:00

Pre-opening Session:
09:00 - 09:30

Morning Session:
09:30 - 12:00

Extended Morning Session1 :
12:00 - 13:00

Afternoon Session:
13:00 - 16:00

Closing Auction Session:
16:00 - 16:10

Eligible for securities market making

 

 

 

Admitted as Designated Security for short selling

 

 

 

Exempted from the tick rule2

 

 

 

Quotation rules
Same as for other stocks unless otherwise mentioned3
Spread

All ETFs and L&I Products follow the Spread Table (Part A) in the Second Schedule to the Rules of the Exchange except for the following ETFs which follow the Spread Table (Part B) and are traded at a uniform spread of $0.050.

  • ABF Hong Kong Bond Index Fund (Stock Code: 2819)
  • ABF Pan Asia Bond Index Fund (Stock Code: 2821)
  • BMO Asia USD Investment Grade Bond ETF (Stock Code: 3141)
  • CSOP China 5-Year Treasury Bond ETF (Stock Code: 3199 & 83199)
  • CSOP China Ultra Short-Term Bond ETF (Stock Code: 3122 & 83122)
  • E Fund Citi Chinese Government Bond 5-10 Years Index ETF (Stock Code: 2808 & 82808)
  • iShares RMB Bond Index ETF (Stock Code: 3139 & 83139)

1 There is no Extended Morning Session and Afternoon Session on the eves of Christmas, New Year and Lunar New Year.  There will be no Extended Morning Session if there is no Morning Session.
Tick rule only applies to short selling order, which could not be made at a price below the best current ask price
3 Rule 503 in the Rules of the Exchange is not applicable to all the securities traded under the Pilot Programme since their Previous Closing Prices are not being displayed