Service Charges. Fund Deposit and Withdrawal. Account Services. Forms Download. Online Trading Platform. Financial Reports. Announcements and Circulars. Corporate Information. Corporate Governance. Notice s of Replacement of Lost Share Certificates. Contact Investor Relations. Back Overview. Hong Kong Equities. China Connect. Global Equities. IPO Subscription. Stock Borrowing and Short Selling.

GovHK: How Share Awards and Share Options are Taxed

Stock Average Cost Computation Service. Hong Kong Futures and Options.

• forex directional edge.
• Contract Summary.
• iibf forex operations mock test.

Global Futures and Options. Index Futures Margin Table. Unit Trusts.

Structured Products. Sponsor and Underwriting. Corporate Finance Advisory. Equity Capital Markets. Debt Capital Markets. Structured Financing. Account Opening Process.

• gopro stock options.
• What are options?.
• forex mexican peso to usd.

Notes to Account Opening. Other Service Charges. Statement Services. Application for Real-Time Quotations. Advantages The HSI futures and options provide investors with a set of effective instruments to manage portfolio risk and to capture index arbitrage opportunities. Proven Markets HSI futures and options allow experienced and novice investors alike to participate in the performance of constituent stocks in the index.

As both local and international investors regard Hang Seng Index as a time-tested benchmark for the Hong Kong equity market and yardstick of portfolio performance, these contracts are consistently used by different investors for trading and risk management purposes. Cost Effective HSI futures and options facilitate hedging activities in a cost-effective way as these contracts are traded on a margin basis. The margin to carry an open position is only a fraction of the contracted value.

Low Transaction Costs As the total value of high-capitalisation stocks represented in each HSI futures and options contract is substantial and only one commission is charged to establish or liquidate a contract, transaction costs are low when compared to purchasing or selling the constituent stocks.

Investors should exercise due care and diligence when deciding through whom they will conduct business. Mini-Hang Seng Index Futures. The smaller contract size allows experienced and novice investors alike to participate in the performance of the constituent stocks in the index in a graduated scale. Bid, offer and transaction prices are disseminated in real-time to the public and providing the highest level of price and market transparency.

H shares Index Futures and Options. H-shares Index Futures There has been growing investors' interest in China-related securities resulting from the rapid expansion of Mainland economy. Besides, investors can use H-shares Index Futures and Options as hedging strategies to protect the HSCEI portfolios against a declining market or spreading strategies to profit from the relative performance of two markets, e. Fast Execution A cost-effective way to track and establish broad market exposure linked to the performance of H-share companies. The capital outlay is much less than buying a H-share companies portfolio.

The Clearing House guarantee does not cover a Clearing Participant's obligations to its clients. Mini H-shares Index Futures and Options. Advantages Tailor-made for retail investors The Mini H-shares Index futures contracts inherit the advantages of the larger sized H-shares Index futures contracts but are tailored for individuals with smaller risk capital. The smaller contract size allows experienced and novice investors alike to participate in the performance of the H-shares market in a graduated scale.

Transaction Costs Comission levy will be exempted for the first six months of trading of Mini H-shares Index futures. No stamp duty is required for trading futures and options product. Margin offset The client and clearing house margin levels for H-shares Index futures contract will be set at one-fifth of the respective margins for the H-shares Index futures contract.

Fungibility The Mini H-shares Index futures contract and the H-shares Index futures contract are fungible in that opposite positions in these two contracts can be offset at the ratio of one H-shares Index futures contract against five Mini H-shares Index futures contracts. Positions in these two exchange contracts will be netted automatically in the case of House and Market Making Accounts or may be closed out in accordance with the Clearing House Rules.

Trading Opportunities Trade the direction of implied volatility Trade implied volatility spreads Hedge volatility risk of HSI options Get volatility exposure for portfolio diversification Arbitrage between HSI options and VHSI futures Advantages Cost-effective way to manage volatility risk Cost effective and leveraged way to manage volatility risk in relation to HSI based equity derivatives products. No requirement to delta hedge Convenient and cost effective exposure to investors who can implement volatility tradingstrategies without the need to adjust positions for underlying market delta movements.

Continuous Liquidity by market makers Market makers will provide continuous two-sided markets throughout the trading day to facilitate trading liquidity. RMB Currency Futures. Quoted, margined and settled in RMB, the contract will be well positioned to complement the deliverability of the CNH market and the increasing number of RMB hedging and investment products available in Hong Kong. Leverage Futures contracts are traded on a margin basis so only a small fraction of the total exposure is required upfront. Market Makers providing liquidity Market makers will provide continuous two-sided markets throughout the trading day to enhance liquidity.

Trading Benefits Capital efficiency of exchange-traded futures Transparent pricing in a centralized trading environment Block trades offer OTC flexibility with minimal counterparty Dedicated liquidity providers to provide narrow bid-ask spreads Same Asian tie zone for liquidity aggregation. RMB Currency Options. Hang Seng Index Options. Clearing House Guarantee The HSI futures and options provide investors with a set of effective instruments to manage portfolio risk and to capture index arbitrage opportunities.

Mini-Hang Seng Index Options. Advantages Cost Effective Trading or hedging against short-term market events with relatively low option premium. Yield Enhancement Employing short options strategies to capture option premium by taking advantage of the rapid time decay of its premium.

It can be a stock, a commodity eg gold , a bond, a currency or an index eg Hang Seng Index. As a buyer of an option contract, you pay a premium for the right to buy or sell the underlying asset. On the other hand, if you are a seller of an option contract, you receive a premium from the buyer, and you have the obligation to buy or sell the underlying asset to the buyer. Options can be traded in the exchange as a standard contract or over-the-counter, ie only traded via a dealer network as a tailored contract.

Before understanding more about the mechanics of options trading, it is important for you to know the following key terms in an option contract:.

The Stock Exchange of Hong Kong

Call option ie Call : A call option gives the buyer the right to buy the underlying asset. The buyer of a call option can determine whether to exercise the right when the market price of the underlying asset is higher than the exercise price. Put option ie Put : A put option gives the buyer the right to sell the underlying asset. The buyer of a put option can determine whether to exercise the right when the market price of the underlying asset is lower than the exercise price.

When you buy an option, you pay a premium. In general, your maximum loss will be limited to the premium that you paid, under the circumstances that the option is not exercised.

We've detected unusual activity from your computer network

On the other hand, when you sell an option, you receive the premium, but at the same time as you have the obligation to buy or sell the underlying asset, you will have to make a deposit ie the so-called margin in your trading account. In case the price movement of the underlying asset goes against your expectation, you may be required to pay up additional deposit.

• Exchange Listings;
• cfd forex trading platform?
• Internet Explorer Out To Date.

Similar to margin trading of stocks, your broker may issue a margin call that request you to make up the margin shortfall.