| Underlying
Index/Index |
Dow Jones Industrial
Average |
| Contract
Multiplier |
HK$10 per Index
point |
| Contract
Months |
Four nearest
calendar quarter months (i.e. quarterly months are March, June, September,
December) |
| Minimum
Fluctuation |
One Index point |
| Maximum
Fluctuation |
Nil |
| Contracted
Price |
The price in
whole Index points at which a Dow Jones Industrial Average Futures Contract
is registered by the Clearing House |
| Contracted
Value |
Contracted
Price multiplied by Contract Multiplier |
| Position
Limits |
20,000 contracts,
in any one Contract Month, per Exchange Participant for the Exchange Participant'
s own behalf; and
20,000 contracts, in any one Contract Month, per
Client
|
| Large Open
Positions |
1,000 contracts, in any one Contract Month, per
Exchange Participant for the Exchange Participant's own behalf;
and
1,000 contracts in any one Contract Month, per
Client
|
| Trading
Hours |
9:00 a.m. - 12:30
p.m. and
2:30 p.m. - 4:15 p.m. (Hong Kong time)
|
| Trading
Method |
The Exchange's
Automated Trading System (HKATS) |
| Final Settlement
Day |
The Hong Kong
Business Day following the third Friday of the Contract Month |
| Settlement
Method |
Cash settled
contract for difference |
| Settlement
Currency |
Hong Kong dollars |
| Last Trading
Day |
The third Friday
of the Contract Month. If the underlying market is not open on that day,
the Last Trading Day shall be the immediately preceding day such underlying
market is open, provided that if that day is not a Hong Kong Business Day,
the Last Trading Day shall be the Hong Kong Business Day immediately preceding
that day. |
| Final Settlement
Price |
The Final Settlement
Price for Dow Jones Industrial Average Futures Contracts is determined by
the Clearing House and shall be the Special Opening Quotation (SOQ)* of
the Dow Jones Industrial Average on the third Friday of the Contract Month
compiled, computed and disseminated by Dow Jones & Company, Inc. If
the underlying market is not open on that day, the Final Settlement Price
shall be the SOQ on the immediately preceding day such underlying market
is open. The Chief Executive of the Exchange has the power under the Regulations
for trading Stock Index Futures Contracts to determine the Final Settlement
Price under certain circumstances. |
Trading
Fees & Levies**
(per contract per side) |
| Exchange Fee |
HK$3.50 |
| SFC Levy |
HK$1.00 |
| Compensation Fund Levy |
HK$ 0.50
|
| Total |
HK$5.00 |
|
Commission
Rate
|
Negotiable |
