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Futures Trading |
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1. |
Which financial futures
can I trade? |
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Hang Seng Index Futures & Options; Mini
Hang Seng Index Futures; Hang Seng 100 Futures & Options;
Hang Seng China-Affiliated Corporations Index Futures
& Options (Red Chip Futures & Options); Hang Seng
Properties Sub-Index Futures & Options; HIBOR futures;
Stock Futures; Rolling Forex. |
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2. |
Which markets are these
futures listed? |
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Hong Kong Futures Exchange |
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3. |
What is a Hang Seng Index
Futures contract? |
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Hang Seng Index Futures contract is a commitment
to participate in the overall price movement of the local
stock market, as measured by an underlying Hang Seng Index
which is calculated by using the weighted market capitalization
of 33 selected constituent stocks listed in the Stock
Exchange of Hong Kong. There are four others Sub-indices:
Finance, Utilities, Properties and Commerce & Industry.
The contracts are traded in the futures market but are
related to the stock market.
Please click HERE
for further details. |
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4. |
What are Hang Seng Index
Options? |
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HSI Option is an option contract based
on the Hang Seng Index which gives the holder the right,
but not the obligation, to buy or sell an underlying instrument
at a stipulated price on a given date. Option buyer pays
a premium for that right. Option seller receives the premium
but have an obligation to buy or sell the underlying instrument
on assignment if the buyer exercises his right. Therefore,
the buyer of an option has the right to buy (Call Option)
or the right to sell (Put Option) the Hang Seng Index
at the strike price on a given date (the Expiry Day).
All contracts are guaranteed by HKFECC once they have
been registered at the Exchange.
Please click HERE
for further details. |
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5. |
How can I submit a trade? |
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You can place an order either by phone or
in person. |
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6. |
What types of orders can
I submit? |
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You can place: Day order; GTC order (good
till cancel); GTF order (good till Friday); OCO order
(one cancel the other); Limit order; Stop Loss order;
MOO order (market on open); MOC order (market on close)
etc, subject to different markets and different products.
For further enquiry, please click HERE
to contact us. |
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7. |
When can I submit my orders? |
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Normally, 24 Hours a day, subject to different
markets and different products. For further enquiry, please
click HERE to contact
us. |
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8. |
What are the market trading
hours? |
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Monday to Friday:
09:45 - 12:30
14:30 - 16:15 |
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9. |
How do I deposit funds into
my account at SHK? |
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| There are multiple ways to deposit
funds: |
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Cash deposit; |
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Cheque deposit; |
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T/T funds transfer; |
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Internal A/C funds transfer among Associated Companies
within SHK Group; |
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Deposit/transfer funds directly to the trust account
that we opened for you in Standard Chartered Bank
(SCB); |
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Deposit/transfer funds directly to our designated
bank account at Bank of China; and |
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Authorize us to transfer funds from your SCB account
on your behalf |
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10.How do I withdraw funds
from my SHK account? |
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| There are various ways to withdraw
funds: |
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Cash withdrawal; |
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Cheque withdrawal; |
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T/T funds transfer; |
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Transfer funds directly to your designate bank
account; and |
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Internal account funds transfer within the SHK
Group |
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11.How will I be notified after the execution of my orders? |
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When an order is executed, we will contact
you as soon as possible (if so required). We will send
you a statement of account on the next business day. |
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12.What is the settlement
procedure/date? |
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Most settlement methods of HKFE-related
products are cash settled contract for differences and
the final settlement day is the first business day after
the last trading day which is the day immediately preceding
the last business day of the contract month.
The final settlement day for Index Options is the business
day immediately following the expiry day, which is the
business day preceding the last business day of the contract
month.
Meanwhile, the final settlement day of One-Day Rolling
Currency Futures Contracts is the second FX Business Day
after the day on which open positions are closed. If the
day is a bank holiday either in New York or in its respective
countries, then settlement shall be on the next FX Business
Day which is not a bank holiday in both New York and its
respective countries. |
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13.What kind of trade confirmations
and statements will I receive? |
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You will receive a combined statement of
account with composition of Sun Hung Kai Commodities Limited,
Sun Hung Kai Bullion Company Limited and Sun Hung Kai Forex
Limited whenever a transaction is executed. If your account
is not maintaining a zero balance and nil position, you
will receive a monthly statement too. |
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Financial Futures
