Hong Kong Exchanges and Clearing Limited (HKEx) will introduce Mini Hang Seng Index (Mini HSI) and Mini H-shares Index (Mini HHI) Futures as well as its Block Trading Facility (BTF) to its After-Hours Futures Trading (AHFT) session starting on Monday, 6 January 2014.
HKEx’s AHFT session is from 5 pm to 11 pm and currently includes Hang Seng Index (HSI) Futures and H-shares Index (HHI) Futures.
The BTF does not apply to mini index futures contracts trades now and will not apply to them in AHFT.
Block trades will not be exempt from AHFT’s +/-5 per cent price limit, and block trades or block trade-related adjustments will be rejected if there is insufficient collateral in the Participant’s account during after-hours trading because banking facilities will not be available for special block trade margin call during AHFT. The attached table shows how the BTF will operate from 6 January 2014.
For a related news release from November 2013, please see:
http://www.hkex.com.hk/eng/newsconsul/hkexnews/2013/1311182news.htm.
For additional information on AHFT, Mini HSI Futures and Mini HHI Futures, please see the following links:
AHFT
http://www.hkex.com.hk/eng/market/dv_tradfinfo/ahft.htm
Mini HSI Futures
http://www.hkex.com.hk/eng/prod/drprod/mhsifo/mini_HSI.htm
Mini HHI Futures
http://www.hkex.com.hk/eng/prod/drprod/mchfut/MCH_Fut.htm
Comparison of BTF in Day Session and AHFT Session for HSI Futures and H-shares Index Futures