Market Turnover
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Futures and Options Markets Arrangements Following Today's Trading Interruption

Market Operations
28 May 2002

Hong Kong Exchanges and Clearing Limited (HKEx) said today that futures and options trading was interrupted at 3:12 pm due to a power failure. The UPS system failed to immediately takeover. Conversion to the alternative back-up centre took place at 4:00pm. The Exchange is required to provide participants 30 minutes notice prior to reopening. The Exchange in consultation with the Securities and Futures Commission made the decision not to re-open the markets.

Trading of EFN Futures, HIBOR Futures and International Stock Futures and Options resumed at 4:30pm and will close at 5:00pm, the normal closing time.  There will be no extension of trading hours.

Trading of Hong Kong stock-related futures and options will remain closed for the day.

The securities market closed at its normal time: 4:00 pm.

Clearing and settlement of futures and options will operate as normal in accordance with to the Rules and Procedures of the HKCC and SEOCH.


Updated 28 May 2002