HKD FUTURES INDEX GAMEPLAY AND CONSIDERATIONS
Overnight | Hang Seng Index Futures Live Quote
Hang Seng Index Futures Live Quote
Hang Seng Index Current Month Futures (Japanese Only)
Hang Seng Index Current Month Futures (Date+Night)
Hang Seng Index Futures Next Month
What are Hong Kong Stock Futures?
HONG KONG STOCK FUTURES ARE DERIVATIVES CONTRACTS WHOSE VALUE IS DERIVED FROM PRICE MOVEMENTS OF A PARTICULAR STOCK OR STOCK INDEX (E.G. HANG SENG INDEX) ON THE HONG KONG STOCK MARKET (HONG KONG SHARES). Hong Kong stock futures are traded on the Hong Kong Stock Exchange (HKEx), where investors can trade through a registered securities broker or authorized trading platform. The trading hours of Hong Kong stock futures are usually linked to the trading hours of the Hong Kong stock market.
Basic characteristics and characteristics of Hong Kong stock futures:
1. Related Assets: The benchmark for Hong Kong stock futures can be individual stocks or Hong Kong stock indices, such as Hang Seng Index futures.
2. Contract Specifications: The Hong Kong Stock Futures Contract specifies the trading conditions, including the number of relevant assets, delivery dates, contract price units, etc.
3. PRICE FORMATION: THE PRICE OF HONG KONG STOCK FUTURES IS DETERMINED BY MARKET SUPPLY RELATIONS AND IS PUBLICLY AUCTIONED ON EXCHANGES.
4. Leverage: Hong Kong stock futures have a leverage effect, which means that investors can control larger positions by paying only a small fraction of the contract value as margin. This can increase the potential for return on investment, but also comes with corresponding risks.
5. SETTLEMENT METHOD: HONG KONG STOCK FUTURES ARE USUALLY CASH SETTLED, WHICH MEANS THAT WHEN THE CONTRACT EXPIRES, THE SELLER PAYS OR RECEIVES CASH FROM THE BUYER DEPENDING ON THE PRICE DIFFERENCE OF THE FUTURES CONTRACT.
Source: Futures & Options,FUTURES:BASICS
What does term mean
Futures refers to index futures, a type of futures contract. SINCE FUTURES HAVE LEVERAGED ATTRIBUTES, YOU CAN BUY AND SELL ONLY BY PAYING THE APPROPRIATE MARGIN (DEPOSIT). GENERALLY, MAINSTREAM FUTURES HAVE STRONG LIQUIDITY AND ARE WIDELY WELCOMED BY INVESTORS. However, unlike other commodity futures, futures contracts such as soybeans, crude oil can be delivered in real terms, while index futures can only be delivered in cash.
What is the constant night period?
“Overnight” refers to the overnight trading period of Hong Kong Hang Seng Index futures, typically beginning at 5:15 p.m. on each trading day and continuing until 3:00 a.m. the following day. Hang Seng Index futures are derivatives contracts traded on the Hong Kong Hang Seng Index (HSI) and are designed to track and invest in Hang Seng Indices. Hang refers to night trading as compared to day trading. First, the trading volume of night trading is usually lower than day trading because there are fewer investors participating in the trade. Second, market liquidity may be affected due to the relatively small number of participants, so price volatility may be greater. In addition, in overnight trading, other market-related factors such as international events and news releases may affect the price of Hang Seng Index futures.
Hang Seng Indices Today
The Hong Kong Stock Index is made up of several indices of different sizes, and the 3 most common indices are: Hang Seng Index, National Enterprise Index, Hang Seng Technology Index, etc.
The Hang Seng Index, which is based on the market capitalisation of 80 Hang Seng shares*, is an important indicator of Hong Kong stock market sentiment. * As of October 4, 2023.
When are Hong Kong stocks trading hours?
Trading of Hong Kong stocks is generally conducted from Monday to Friday (except public holidays). Full-day trades open at 9:30 a.m. and close at or before 4:10 p.m.; half-day trading is also open at 9:30 a.m. and closes early until 12:10 p.m.
Hong Kong stocksTrading HoursIt can be divided into three main parts:
Auction Period — Pre-Market Hours (9:00am — 9:30am)
Continuous Trading Period—Morning Market (9:30 a.m. - 12:00 p.m.); Continued Morning Market (12:00 - 1:00 p.m.); Midday Market (1:00 p.m. - 4:00 p.m.)
Auction Period — Closing auction trading session (full day: Random close between 4:00pm and 4:08pm and 4:00pm; half day: Random close between 12:00 noon and 12:08pm and 12:30pm)
However, please note that there is no continuation of morning and midday trading on Christmas Eve, New Year's Eve and Lunar New Year's Eve. Without a morning market, there will be no continued early market trading on the day.
What is the night period of Hong Kong stocks
“HK Stock Night Period” means the “post-market trading period”, that is, all trades executed after the close of market will be recorded as transactions during the post-market trading period. Any Hong Kong stocks traded after market close are traded on the next trading day and are settled together with the transactions executed during the following day's normal trading period.
When are Hong Kong futures trading hours?
Hong Kong futures trading hours are divided into pre-market negotiation periods and continuous trading periods.
Pre-market negotiation period:
Hang Seng Index Futures、Hang Seng China Enterprise Index Futures、Small Hang Seng Index Futures、Small Hang Seng China Enterprise Index Futures、Hang Seng Technology Index Futures：
08:45 - Morning market no later than 09:10 (start of random stop at 09:09) | Submission, Modification, Revocation of Limit Orders and Bidding Market Prices |
AFTER RANDOM STOP — NO LATER THAN 09:13 MORNING MARKET (START OF RANDOM STOP AT 09:12) | Bid-to-market quotes can only be submitted, but cannot be modified and revoked |
After Random Stop — 09:15 Morning Market | Unmatched bid market prices will be converted to the [Proposed Opening Price] as determined by the IPO on the HKEx |
12:30 — no later than 12:55 noon (start of random stop at 12:54) | Submission, Modification, Revocation of Limit Orders and Bidding Market Prices |
AFTER RANDOM STOP — NO LATER THAN 12:58 NOON (START OF RANDOM STOP AT 12:57) | Bid-to-market quotes can only be submitted, but cannot be modified and revoked |
After Random Stop — 13:00 Noon | Unmatched bid market prices will be converted to the [Proposed Opening Price] as determined by the IPO on the HKEx |
Continuous trading period:
Contract Name | Morning Market | Lunchtime | Night Market |
Hang Seng Index Futures & Options | 9:15 a.m. - 12:00 p.m. | 13:00 - 16:30 (Closing date 16:00 on the last trading day) | 17:15 - 03:00 next day |
Hang Seng Chinese Enterprise Index Futures and Options | 9:15 a.m. - 12:00 p.m. | 13:00 - 16:30 (Closing date 16:00 on the last trading day) | - |
Perpetual Dividend Point Futures | 9:15 a.m. - 12:00 p.m. | 13:00 - 16:30 (Closing date 16:00 on the last trading day) | 17:15 - 03:00 next day |
How do newbies buy Hong Kong stock futures?
Futu now has a wide range of futures products on three major exchanges, including A50, Longline Index, Nasdaq, and Microgold.
Futures trading is now open, and the futures markets in Europe, Japan and other regions, including Japan, Europe, Japan, will provide you with one account to invest in global futures.
Extended Reading:【Getting Started】Get a quick look at how to play and note the HKD Futures Index
How to open a term account in Futu?
Currently, only users with open securities accounts are supported to open a futures account. The specific steps are as follows:
Users who have already opened a securities account can click the trade button on the futures or futures option details page. Activation of unopened futures categories will be initiated. After activation, futures, Hong Kong futures options and CME options can be traded.
How to trade futures on Futubull?
Open the Futubull app, click “Market” in the navigation bar below, and select “Futures” on the top of the page;
On the All page, in the Index Futures column, select the corresponding period index; click the arrow to expand more markers;
Or select a different market, such as “Hong Kong Futures” or “US Futures”, and select more of the market's mainstream indices in “Index Futures”
Click on the term index name, such as “Hang Seng Index Futures” to access the quotation page for that period; scroll down the page, click on “Contract Data” to see basic information about that period;
Click “Trade” in the lower left corner to enter the order page;
Change period refers to a code that changes the expiration month of the contract; you can also view the initial margin requirement for an opening period on this page.
