Hang Seng TECH Index Futures Options

Introduction

The Hang Seng TECH Index (“the Index”) was launched on 27 July 2020 and tracks the 30 largest technology companies listed in Hong Kong. Hang Seng TECH Index Options on Futures are designed for global investors to execute derivative trading strategies on Hong Kong listed technology companies. The contracts are European-style option contracts and will deliver spot month HS TECH Index Futures contracts upon their expiry, which is the 3^rd Friday of the contract month. The contracts complement HKEX’s HS TECH Index derivatives suite, enabling investors to trade and hedge with great flexibility

Updated 25 Nov 2022

()

- (-)

: -

: -

: -

-				-			-

Contract Summary

Item	Contract Terms
Underlying Index	Hang Seng TECH Index Futures
HKATS Code	PTE
Contract Multiplier	HK$50 per index point
Minimum Fluctuation	One index point
Contract Months	For Short-dated Options: Spot Month, the next three calendar months and the next three calendar quarter months For Long-dated Options: the three months of June and December following the Contract Months specified for Short-dated Options
Pre-Market Opening Period	Not Available
Trading Hours	9:15 am - 12:00 noon, 1:00 pm - 4:30 pm (T session) 5:15 pm - 3:00 am (T+1 session) (Expiring contract month closes at 4:00 pm on the Last Trading Day)
Strike Price	Index Point Strike Interval Below 5,000 50 At or above 5,000 100 At or above 20,000 200
Expiry Day	The third Friday of the contract month
Official Settlement Price	The average of the quotations of the HS TECH Index Futures contract of the same contract month, taken at 5 second intervals from 3:55 p.m. – 4:00 p.m. on the Expiry Day
Transaction Costs	Exchange Fee HK$5.00 Commission Levy HK$0.54 Commission Rate Negotiable

Please visit “Rules, Regulations and Procedures of the Futures Exchange” under “Rules and Regulations” of the HKEx website for full contract specifications.

Trading Fees and Commission

Trading Fee and Levies
Exchange Fee	HK$5.00 per contract per side
Commission Levy	HK$0.54 per contract per side
Investor Compensation Levy*	HK$0.00 per contract per side
Total	HK$5.54 per contract per side
Commission	Negotiable
The amount indicated above is subject to change from time to time.

Market Makers or Liquidity Providers Obligations and Incentives

For details of the Market Making/Liquidity Providing Obligations and Incentives of Equity Index Products, please refer our webpage below:

https://www.hkex.com.hk/Products/Listed-Derivatives/Market-Maker-Program/Market-Maker-Obligations-and-Incentives?sc_lang=en