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London Nickel Mini Futures

London Nickel Mini Futures contracts are the second batch of Renminbi (RMB)-traded London Metal Mini Futures contracts off ered by Hong Kong Exchanges and Clearing Limited (HKEX). They complement the HKEX’s London Aluminium/Zinc/Copper Mini Futures contracts, which were launched on 1 December 2014. Nickel, Tin and Lead are among the most liquid futures contracts on the London Metal Exchange (LME) along with Aluminium, Zinc and Copper. As each of the six metals has distinctive characteristics, uses and supply-and-demand dynamics, HKEX’s London Metal Mini Futures can meet the various needs of base metals users, producers and investors, particularly those who are based in Asia and want to be able to buy and sell futures contracts during their business day.


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Contract Specification

Contract London Nickel Mini Futures
Underlying Primary Nickel as defined in the rules and regulations of The London Metal Exchange from time to time
HKATS Code LRN
Contract Size 1 tonne
Trading Currency RMB
Contract Months Spot Month and the next 11 calendar months
Minimum Fluctuation RMB 10.00 per tonne
Trading Hours1
(Hong Kong Time)
9:00 a.m. to 4:30 p.m. (day trading session) and
5:15 p.m. to 1:00 a.m. the next morning (after-hours trading session)
Trading Hours on Last Trading Day
(Hong Kong Time)
9:00 a.m. to 4:30 p.m. (day trading session) and
5:15 p.m. to 8:05 p.m. (after-hours trading session during British Summer Time)
5:15 p.m. to 9:05 p.m. (after-hours trading session outside British Summer Time)
Last Trading Day
(LTD)
The LTD is determined by the LME for its Nickel Futures Contract (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 Price 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 Nickel Futures, and converted to RMB equivalent using the USD/CNY(HK) Spot Rate published by the Treasury Markets Association in Hong Kong at or around 11:30 a.m. Hong Kong time on the Last Trading Day. It is rounded up if the figure in the first decimal place is 5 or above and rounded down if it is below 5
Settlement Type Cash-settled
Holiday Schedule Follow HKFE holiday schedule
Exchange Fee2
(per contract per side)
RMB 3.00
Commission Levy RMB 0.44**
Commission Rate Negotiable
Calendar spreads Cover Spot Month and the nearest11 serial month

Notes : 
1. There is no trading after 12:30 p.m. on the eves of Christmas, New Year and the Lunar New Year.  The trading hours on those three days shall be 9:00 a.m. to 12:30 p.m.  There is no after-hours trading session if it is a bank holiday in the United Kingdom, the United States or the People’s Republic of China.

2. The amount indicated above is subject to change by the Exchange from time to time.

** The RMB equivalent of HK$0.54 per contract at the exchange rate determined by the Exchange from time to time.

Please note the following disclaimers and copyright notice regarding information provided on the Treasury Markets Association (TMA)'s website:

a. The price fixings and reference rates on the TMA’s website are provided with delays for general information purposes. While the TMA will make all reasonable efforts to ensure a continuous, accurate and timely service, the TMA and other data providers make no warranties, representations or undertakings, expressed or implied by law or otherwise, in relation to the price fixings and reference rates and are not responsible for any errors or omissions, or losses caused by disruptions in the service or late publication of the daily rates or inaccuracy of the daily rates or otherwise arising from the use of or reliance on the price fixings and reference rates. By viewing or downloading these rates, you implicitly accept this disclaimer and agree to its terms.

b. The TMA shall not be liable for any loss or damage suffered as a result of any use or reliance on any of the information provided on its website.

c. The content available on the TMA’s website, including but not limited to all text, graphics, drawings, diagrams, photographs and compilation of data or other materials, are protected by copyright. The TMA is the owner of all copyright works contained in its website. The information or part of it may be re-disseminated or reproduced provided the source of the information is acknowledged and that the re-dissemination or reproduction is for a non-commercial purpose.

Margin Table

Trading Hours

Contract London Nickel Mini Futures
Trading Hours1
(Hong Kong Time)
9:00 a.m. to 4:30 p.m. (day trading session) and
5:15 p.m. to 1:00 a.m. the next morning (after-hours trading session)
Trading Hours on Last Trading Day
(Hong Kong Time)
9:00 a.m. to 4:30 p.m. (day trading session) and
5:15 p.m. to 8:05 p.m. (after-hours trading session during British Summer Time)
5:15 p.m. to 9:05 p.m. (after-hours trading session outside British Summer Time)

1.   There is no trading after 12:30 p.m. on the eves of Christmas, New Year and the Lunar New Year.  The trading hours on those three days shall be 9:00 a.m. to 12:30 p.m.  There is no after-hours trading session if it is a bank holiday in the United Kingdom, the United States or the People’s Republic of China.





Trading Fees and Commissions

Contract London Nickel Mini Futures
Exchange Fee1
(per contract per side)
RMB 3.00
Commission Levy RMB 0.44**
Commission Rate Negotiable

1. The amount indicated above is subject to be changed by the Exchange from time to time.
** The RMB equivalent of HK$0.54 per contract at the exchange rate determined by the Exchange.



Derivatives Market Access Codes

Company Name Access Code
AASTOCKS.com Limited 221410
AFE Solutions Limited 870804
Bloomberg Finance L.P. RPLA Comdty
Fidessa plc LRN_Osmy.HF
Infocast Limited Menu (Derivatives -> Futures)
Select "LRN" code
Quam (HK) Ltd LRN
Telequote Data Int. Ltd LRNmy
Tele-Trend Ltd ZNmyy
Reuters Ltd, a Thomson Reuters Company 0#HLRN:
QuotePower Int'l Ltd. P11216


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