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Trading rules

Pre- Opening Period

HSI、HHI、MHI、MCH、HTI:

Morning Session
Operable order types
08:45 a.m. – up to 09:10 a.m.
(Random cutoff start from 09:09 a.m.)
Permissible to submit, modify and cancel for limit orders and auction orders
After cutoff – up to 09:13 a.m.
(Random cutoff start from 09:12)
Only permissible to place auction orders, orders modification or cancellation are not allowed
After cutoff - 09:15 a.m.
If no matching auction orders are obtained, the auction orders will be converted to a limit order at the market opening price determined by the Hong Kong Stock Exchange.
Afternoon session
operable order types
12:30 p.m. – up to 12:55 p.m
(Random cutoff start from 12:54 p.m)
Permissible to submit, modify, cancel auction orders
After cutoff – up to 12:58 p.m.
(Random cutoff start from 12:57 p.m.)
Only permissible to place auction orders, orders modification or cancellation are not allowed
After cutoff - up to 13:00 p.m.
If no matching auction orders are obtained, the auction orders will be converted to a limit order at the market opening price determined by the Hong Kong Stock Exchange.

MSCI Index futures

08:30 a.m. to 08:40 a.m.
(Random cutoff start from 08:39)
Permissible to submit, modify and cancel for limit orders auction orders
After random cutoff – up to 08:43 a.m.
(Random cutoff start from at 08:42 a.m.)
Only permissible to place auction Orders, orders modification or cancellation are not allowed
After random cutoff - up to 08:45 a.m.
If no matching auction orders are obtained, the auction orders will be converted to a limit order at the market opening price determined by the Hong Kong Stock Exchange.

Futures Contract Specifications and Trading Hours Overview, for reference purposes only.


The overview of futures contract specifications is provided


Please note that the above trading rules, content will change from time to time. Please refer to the information from Hong Kong Exchanges and Clearing Limited (HKEX) for more details.


HKEX: https://www.hkex.com.hk/?sc_lang=en-US

Note: Eastern Daylight Time (EDT) is generally from March to the beginning of November.

Eastern Standard Time (EST) is generally from the beginning of November to the following March.


CME: https://www.cmegroup.com/


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