Hang Seng TECH Index Futures

Introduction

The Hang Seng TECH Index (“the Index”) was launched on 27 July 2020 and tracks the 30 largest technology companies listed in Hong Kong. According to back-testing data, it has increased by 36% in 2019 and 60% in the first 10 months of 2020.

The Hang Seng TECH Index Futures and Options are the first exchange-traded derivatives contracts to track the Index. They complement HKEX’s flagship Hang Seng Index and Hang Seng China Enterprises Index products, providing investors with a new tool to manage risks in their exposures to Hong Kong-listed technology companies.

The Commodity Futures Trading Commission (CFTC) has certified the Hang Seng TECH Index Futures contracts to be offered and sold to persons in the U.S.

Updated 19 Feb 2021

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Contract Summary

Item	Contract Terms
Underlying Index	Hang Seng TECH Index
HKATS Code	HTI
Contract Multiplier	HK$50 per index point
Minimum Fluctuation	One index point
Contract Months	For Short-dated Futures: Spot Month, the next three calendar months and the next three calendar quarter months (i.e. quarter months are March, June, September and December) For Long-dated Futures: the three months of June and December following the Contract Months specified for Short-dated Futures
Pre-Market Opening Period	8:45 am - 9:15 am & 12:30 pm - 1:00 pm
Trading Hours	9:15 am - 12:00 noon, 1:00 pm - 4:30 pm & 5:15 pm - 3:00 am (Expiring contract month closes at 4:00 pm on the Last Trading Day)
Last Trading Day	The second last Trading 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$5.00 Commission Levy HK$0.54 Commission Rate Negotiable

Please visit “Rules, Regulations and Procedures of the Futures Exchange” under “Rules and Regulations” of the HKEx website for full contract specifications.

Trading Fees and Commission

Trading Fee and Levies
Exchange Fee*	HK$5.00 per contract per side
Commission Levy	HK$0.54 per contract per side
Investor Compensation Levy**	HK$0.00 per contract per side
Total	HK$5.54 per contract per side
Commission	Negotiable
Currently there is a market-wide 50% trading fee discount for HSTECH Futures (i.e.HK$ 2.50 per contract per side) *The amount indicated above is subject to change from time to time.

List of Market Makers or Liquidity Providers

For details of the Market Making/Liquidity Providing Obligations and Incentives of Equity Index Products, please refer our webpage below:

https://www.hkex.com.hk/Products/Listed-Derivatives/Market-Maker-Program/Market-Maker-Obligations-and-Incentives?sc_lang=en