Market Turnover
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Derivatives Holiday Trading

HKEX's markets have in recent years expanded to include a greater number and variety of derivative products beyond Hong Kong dollar (“HKD”) denominated products. Many of these cover global and regional markets across different asset classes, helping further internationalise the products available to market participants.

This transformation to an internationally-focused market has played an important part in Hong Kong’s continuing development as an international financial centre, helping drive increased participation in HKEX markets from Mainland China and international investors. To maintain and strengthen this position, and allow investors to better manage or lower their overall portfolio risk, it is essential that the expanded suite of products is supported with the right infrastructure.

The ability to trade and clear, non-HKD denominated products, without being bound by HK public holidays, is of great importance for investors to effectively manage their portfolio risk.

 

Implementation schedule and product coverage

Derivatives Holiday Trading service has commenced on 9 May 2022 for Buddha’s Birthday public holiday. HKEX plans to add non-HKD denominated futures and options to Derivatives Holiday Trading in phases, with the first suite of products being all MSCI futures and options contracts.

 

List of Holiday Trading Products:

Holiday Trading Products
1. MSCI AC Asia ex Japan Net Total Return Index Futures  21. MSCI Malaysia (USD) Index Futures
2. MSCI Australia Net Total Return (USD) Index Futures 22. MSCI Malaysia Net Total Return (USD) Index Futures
3. MSCI China A 50 Connect (USD) Index Futures 23. MSCI New Zealand Net Total Return (USD) Index Futures
4.  MSCI China (USD) Index Futures 24.  MSCI Pacific ex Japan Net Total Return (USD) Index Futures
5.  MSCI China Net Total Return (USD) Index Futures 25.  MSCI Pacific Net Total Return (USD) Index Futures
6.  MSCI Emerging Markets (USD) Index Futures 26.  MSCI Philippines (USD) Index Futures
7.  MSCI Emerging Markets Asia ex China Net Total Return (USD) Index Futures 27.  MSCI Philippines Net Total Return (USD) Index Futures 
8.  MSCI Emerging Markets Asia ex Korea Net Total Return (USD) Index Futures 28.  MSCI Singapore Free (SGD) Index Futures
9.  MSCI Emerging Markets Asia Net Total Return (USD) Index Futures
29. MSCI Singapore Free Net Total Return (USD) Index Futures 
10.  MSCI Emerging Markets EMEA Net Total Return (USD) Index Futures
30.  MSCI Singapore Net Total Return (USD) Index Futures 
11.  MSCI Emerging Markets ex China Net Total Return (USD) Index Futures
31. MSCI Taiwan (USD) Index Futures  
12.  MSCI Emerging Markets ex Korea Net Total Return (USD) Index Futures
32.  MSCI Taiwan (USD) Index Options 
13.  MSCI Emerging Markets Latin America Net Total Return (USD) Index Futures
33.  MSCI Taiwan Net Total Return (USD) Index Futures 
14.  MSCI Emerging Markets Net Total Return (USD) Index Futures
34.  MSCI Taiwan 25/50 (USD) Index Futures
15.  MSCI Hong Kong Net Total Return (USD) Index Futures
35.  MSCI Taiwan 25/50 Net Total Return (USD) Index Futures
16. MSCI India (USD) Index Futures
36.  MSCI Thailand (USD) Index Futures
17. MSCI India Net Total Return (USD) Index Futures
37.  MSCI Thailand Net Total Return (USD) Index Futures
18. MSCI Indonesia (USD) Index Futures
38.  MSCI Vietnam (USD) Index Futures
19.  MSCI Indonesia Net Total Return (USD) Index Futures
39.  MSCI Vietnam Net Total Return (USD) Index Futures
20.  MSCI Japan Net Total Return (USD) Index Futures
 

 

 

Related documents

Post Trade Arrangements on Holiday Trading Days

List of Holiday Trading Settlement Banks

List of Holiday Trading Exchange Participants

List of Holiday Trading Clearing Participants 

Materials for Post Trade Operations Briefing (Apr 2022)

Circular - Implementation of Derivatives Holiday Trading on 9 May 2022

Frequently Asked Questions

Materials for Briefing Session (Jan 2022)

Circular - Readiness Test and Briefing for Derivatives Holiday Trading (Jan 2022)

Circular - Consultation Conclusions on Derivatives Holiday Trading and the Implementation of Derivatives Holiday Trading for MSCI Futures and Options (Jan 2022)

Consultation Conclusion (Jan 2022)

Responses to Consultation Paper (Jan 2022)

Consultation Paper (Nov 2021)


Updated 19 Jan 2023