Hong Kong Exchanges and Clearing Limited (HKEX) now offers cash-settled TSI Iron Ore Fines 62 per cent Fe CFR China Futures (Iron Ore Futures), its first ferrous metal product.
As an exchange-traded product, Iron Ore Futures will provide maximum price transparency and equal access to all market participants. By improving the price discovery process in the iron ore derivatives market, the contract has the potential to lower the cost of trading.
Twenty-four Monthly Contracts are available to cater to near-term and longer-term price risk management needs. In addition, there are eight corresponding Quarterly Contracts listed for trading as well. Please click here for the Quarterly Contract.
Updated 02 Aug 2019
Contract
Iron Ore Futures - Monthly Contract
9:00 a.m. to 4:30 p.m. (day trading session) and
5:15 p.m. to 3:00 a.m. (after-hours trading session)
9:00 a.m. – 4:30 p.m. (day trading session) and
5:15 p.m. – 6:30 p.m. (after-hours trading session)
1. There is no trading after 12:30 p.m. on the eves of Christmas, New Year and Lunar New Year. The trading hours on those three days shall be 9:00 a.m. – 12:30 p.m.
2. There is no trading after 12:30 p.m. on the Last Trading Day that is the last Trading Day before New Year’s Day or the Lunar New Year, and which is also the last day before New Year’s Day or the Lunar New Year on which the TSI Iron Ore Fines 62% Fe CFR China Index is published. The trading hours on those two days shall be 9:00 a.m. – 12: 30 p.m.
3. The amount indicated above is subject to change by the Exchange from time to time.
4. The current rate is set at HK$ 0.54 per contract, for which the USD equivalent will be determined by the Exchange from time to time.
5. Investor Compensation Levy
- If the SFC is to publish a termination of exemption notice, the effective date of the reinstatement of the ICL, if any, shall not be earlier than 2 months after the date of such publication. - EPs are reminded to take all necessary actions to prepare for the ICL calculation and payment of ICL via HKEX in case the ICL is reinstated by the SFC, including enhancing their HKATS Application Programming Interface, back office systems, relevant applications and operational facilities.
Monthly Contracts
Updated 03 Jan 2022