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Derivatives Market
Contract Summary

Updated: 20 March 2009

Hang Seng Index Futures

Item                               

Contract Terms

Underlying Index

 

Hang Seng Index

HKATS Code

 

HSI

Contract Multiplier

 

HK$50 per index point

Minimum Fluctuation

 

One index point

Contract Months

 

Spot, next calendar month & next two calendar quarter months

Pre-Market Opening Period

 

9:15 am - 9:45 am & 2:00 pm - 2:30 pm

Trading Hours

9:45 am - 12:30 pm & 2:30 pm - 4:15 pm 
(Expiring contract month closes at 4:00 pm on the Last Trading Day)

 

Last Trading Day

 

The Business Day immediately preceding the last Business Day of the Contract Month

Final Settlement Price

The average of quotations taken at (i) five (5) minute intervals from five (5) minutes after the start of, and up to five (5) minutes before the end of, the Continuous Trading Session of SEHK; and (ii) the close of trading on SEHK on the Last Trading Day.

 

Transaction Costs

Exchange Fee                 HK$10.00
Commission Levy            HK$0.80
Commission Rate            Negotiable

Please visit HKEx website http://www.hkex.com.hk/regulatory.htm  for full contract specifications under Trading Rules of the Rules, Regulations and Procedures of the Futures Exchange