Published On: Sun, Nov 24th, 2013

HKEx After-hours Trading of Mini HSI and HHI Futures

Calvin Tai, HKEx Co-head of Equities and FIC

Calvin Tai, HKEx Co-head of Equities and FIC

Hong Kong Exchanges and Clearing Limited (HKEx) plans to introduce Mini Hang Seng Index (Mini HSI) and Mini H-shares Index (Mini HHI) Futures to its After-Hours Futures Trading (AHFT) session starting on Monday, 6 January 2014.

Subject to approval from the Securities and Futures Commission (SFC), HKEx also plans to add the block trading facility to AHFT on 6 January 2014. This would also require rule amendments.

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.

Mini HSI Futures accounted for about 16 per cent of HKEx’s futures trading volume in the first 10 months of the year and Mini HHI Futures accounted for about 4 per cent.

“We have received positive feedback from the market since we announced the results of our review of the first six months of AHFT on 4 November. Market participants have requested after-hours trading of Mini HSI Futures and Mini HHI Futures and we are acting to respond to market demand,” said Calvin Tai, HKEx’s Co-head of Equities and Fixed Income and Currency.

“Market participants also told us that HKEx should allow block trades in the AHFT session in order to facilitate large order execution without creating excessive price movements in the session, so this is something we will do.”

Meanwhile, HKEx plans to include Renminbi Futures to its AHFT session and is working on market making support. Further details will be announced in the future.

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