USD London Nickel Mini Futures

USD London Nickel Mini Futures is introduced to provide additional trading opportunities for users who have exposure in USD-denominated nickel in the Asian time zone, and to offer new investment instruments for both retail and institutional investors who would like to gain access to its cash-settled features and relatively small contract sizes.

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Contract Specification

Contract	USD London Nickel Mini Futures
Underlying	Primary Nickel as defined in the rules and regulations of The London Metal Exchange from time to time
HKATS Code	LUN
Contract Size	1 tonne
Trading Currency	USD
Contract Months	Spot Month and the next 11 calendar months
Minimum Fluctuation	USD 1.00 per tonne
Trading Hours¹ (Hong Kong Time)	9:00 a.m. to 4:30 p.m. (day trading session) and 5:15 p.m. to 3:00 a.m. the next morning (after-hours trading session)
Trading Hours on Last Trading Day (Hong Kong Time)	9:00 a.m. to 4:30 p.m. (day trading session) and 5:15 p.m. to 8:05 p.m. (after-hours trading session during British Summer Time) 5:15 p.m. to 9:05 p.m. (after-hours trading session outside British Summer Time)
Last Trading Day (LTD)	The LTD is determined by the LME for its Nickel Futures Contract (i.e. usually two business days before the third Wednesday of the Spot Month). If it is not a Trading Day, the LTD shall be the immediately preceding Trading Day.
Final Settlement Price	Shall be a whole number, determined by the Clearing House, and shall be the Official Settlement Price determined and published by the LME for its Nickel Futures two London Business Days before the third Wednesday of the Spot Month
Settlement Type	Cash-settled
Holiday Schedule	Follow HKFE holiday schedule
Exchange Fee²(per contract per side)	USD 0.50
Settlement Fee (per lot)	USD 0.20
Commission Levy	USD 0.07
Investor Compensation Levy³	The collection of Investor Compensation Levy is currently suspended and no person is required to pay since 2005.
Commission Rate	Negotiable
Calendar spreads	Cover Spot Month and the nearest 11 serial month

Notes :
1. There is no trading after 12:30 p.m. on the eves of Christmas, New Year and the Lunar New Year. The trading hours on those three days shall be 9:00 a.m. to 12:30 p.m. There is no after-hours trading session if it is a bank holiday in the United Kingdom, the United States or the People’s Republic of China.

2. The amount indicated above is subject to change by the Exchange from time to time.

3. Investor Compensation Levy
- If the SFC is to publish a termination of exemption notice, the effective date of the reinstatement of the ICL, if any, shall not be earlier than 2 months after the date of such publication.
- EPs are reminded to take all necessary actions to prepare for the ICL calculation and payment of ICL via HKEX in case the ICL is reinstated by the SFC, including enhancing their HKATS Application Programming Interface, back office systems, relevant applications and operational facilities.

Margin Table

Derivatives Market Access Codes

Vendor Name	Access Code
AASTOCKS.com Limited	221515
ACTIV Financial Systems, Inc.	LUN/<yy><m>.HF
ATPlatform Technology Limited	LUN
Bloomberg Finance L.P.	YNDA Comdty
Colt Technology Services Limited	LUNmy
CQG, Inc.	LUN
Fidessa Trading UK Limited	LUN_Fmy.HF
ICE Data Connectivity & Feeds, Inc.	F:LUN\MYYDD
Infocast Limited	LUN
N2N-AFE (Hong Kong) Limited	870832
QuotePower International Limited	P11236
Refinitiv Limited	0#HLUN:
SIX Financial Information Ltd.	LUNmy
Telequote Data International Ltd.	LUNmy
Tele-Trend Ltd.	YNFC, YNmyy
Webstock Information Systems Co., Ltd.	LUN
Zhengzhou Esunny Information Technology Co., Ltd.	LUN

Market Maker Obligations and Incentives

Not Applicable