Gold Futures
(Expect to commence trading on 20 October 2008)
|
Underlying Metal
|
Gold of not less than 995 fineness |
|
HKATS Code
|
GLD |
|
Contract Size
|
100 troy ounces |
|
Trading and Settlement Currency
|
U.S. dollars |
|
Minimum Fluctuation
|
US$0.1 per troy ounce |
|
Contract Months
|
Spot month and the next two calendar months |
|
Trading Hours
|
8:30 a.m. - 5:00 p.m. (no lunch break) |
|
Last Trading Day
|
The third last Hong Kong business day of the contract month |
|
Final Settlement Price |
US dollars at London Morning Gold Fixing carried out by The London Gold Market Fixing Limited and published by The London Bullion Market Association on the last trading day
|
|
Cash Settlement Value
|
The final settlement price multiplied by the contract size |
|
Transaction Costs |
Exchange Fee US$1.3*
Cash Settlement Fee US$1.3 (upon final settlement only)
Commission Levy US$0.1**
Commission Rate Negotiable |
* (Waived from 20 October 2008 to 19 January 2009 inclusive)
**(Exempted from 20 October 2008 to 17 April 2009 inclusive)
Note: All references to the London Gold Fixing prices are used with the permission of The London Gold Market Fixing Limited, which for the avoidance of doubt has no involvement with and accepts no responsibility whatsoever for the underlying product to which the Fixing prices may be referenced.
Please visit HKEx website http://www.hkex.com.hk/regulatory.htm for full contract specifications under Trading Rules of the Rules, Regulations and Procedures of the Futures Exchange