Hong Kong Futures & Options

Hong Kong Futures & Options
Product Minimum
Fluctuation
Contract Value Contract Months Settled In Initial Margin ^
(HK$)
Maintenance
Margin ^
(HK$)
Last Trading Day Final Settlement Day Trading Hours Pre-Market
Opening Period
Hang Seng
Index Futures
1 index point HK$50 per index pt Spot month, the next calendar month, and the next 2 calendar quarter months Cash $100,614 $80,491 The second last Business 
Day of the month (market 
closed: 4:00pm)
The first Business Day after the last trading day 9:15am-12:30noon
(Half Day Trading)

9:15am-12:00noon
1:00pm-4:30pm
(Normal Day Trading)

5:15pm-1:00am
(After - Hours Futures Trading)

8:45am-9:15am
12:30pm-1:00pm

H-Shares
Index Futures
HK$50 per index $40,964 $32,771
Mini-Hang Seng
Index Futures
HK$10 per index pt $20,122 $16,098
Mini H-shares
Index Futures
HK$10 per index pt $8,192 $6,554 N/A
Hang Seng
Index Options
HK$50 per index pt Spot month, the next 2 calendar months, and the next 3 calendar quarter months Calculate by the SPAN method N/A 9:15am-12:30noon
(Half Day Trading)

9:15am-12:00noon
1:00pm-4:30pm
(Normal Day Trading)
(Expiring contract month
closes at 4:00pm on the
Last Trading Day)
Mini-Hang Seng
Index Options
HK$10 per index pt Spot month, the next calendar month, and the next 2 calendar quarter months Calculate by the SPAN method N/A
H-Shares
Index Options
HK$50 per index pt Spot month, the next calendar month, and the next 3 calendar quarter months Calculate by the SPAN method N/A
Mini H-Shares
Index Options
HK$10 per index pt Spot month, the next calendar month, and the next 2 calendar quarter months Calculate by the SPAN method N/A
HSI Dividend Point
Index Futures (HSI
Dividend Futures)
0.01 index point HK$50 per index pt Five nearest December contract months $3,910 $3,130 The third last Business Day of the month 
(market closed: 4:30pm)
The second Business Day after the last trading day 9:15am-12:30noon
(Half Day Trading)

9:15am-12:00noon
1:00pm-4:30pm
(Normal Day Trading)
(Expiring contract month
closes at 4:30pm on the
Last Trading Day)
HSCEI Dividend Point
Index Futures (HSCEI
Dividend Futures)
$2,080 $1,660
HSI Volatility
Index Futures
0.05 index point HK$5000 per index pt Spot month and the next two calendar months $30,700 $24,560 30 calendar days prior to the second last Business Day of the next month First Business Day after the last trading day 9:30am-12:00noon
1:00pm-4:30pm
(Expiring contract month
closes at 4:00pm on the
Last Trading Day)
CES China 120
Index Futures
0.5 index point HK$50 per index pt Spot month, the next calendar month, and the next 2 calendar quarter months Cash $12,000 $9,600 The second last Business Day of the month (If it falls on a Mainland China public holiday, the last trading day will be the preceding Business Day which is also a Business Day in Mainland China) The first Business Day after the last trading day 9:15am-12:30noon
(Half Day Trading)

9:15am-12:00noon
1:00pm-4:30pm
(Normal Day Trading)
(Expire contract month
closes at 3:00pm on the
Last Trading Day)
N/A
IBOVESPA Futures 5 index point HK$5 per index pt Two nearest even-numbered calendar months $21,420 $17,130 The last trading day determined by BVMF (i.e. usually the Wednesday closet to the 15th calendar day of the Contract Month). If it is not a Hong Kong Business Day, the last trading day shall be the immediately preceding Hong Kong Business Day. The second Business Day after the last trading day 9:15am-12:30noon
(Half Day Trading)

9:15am-4:30pm
(Normal Day Trading)
MICEX
Index Futures
0.05 index point HK$100 per index pt Two nearest quarter calendar months $16,140 $12,910 The last trading day determined by MICEX-RTS (i.e. usually the 15th calendar day of the Contract Month). If it is not a Hong Kong Business Day, the last trading day shall be the immediately preceding Hong Kong Business Day. The second Business Day after the last trading day
Sensex
Index Futures
1 index point HK$10 per index pt Spot month and the next calendar month $12,710 $10,170 The last trading day determined by BSE (i.e. usually the last Thursday of the Contract Month). If it is not a Hong Kong Business Day, the last trading day shall be the immediately preceding Hong Kong Business Day. The second Business Day after the last trading day
FTSE/JSE
Top 40 Futures
1 index point HK$10 per index pt Two nearest quarter calendar months $22,740 $18,190 The last trading day determined by JSE (i.e. usually the third Thursday of the Contract Month). If it is not a Hong Kong Business Day, the last trading day shall be the immediately preceding Hong Kong Business Day. The second Business Day after the last trading day
Hong Kong Stock Futures
Product Denominated
In
Minimum
Fluctuation
Contract Value Contract Months Settled In Trading Hours Pre-Market
Opening Period
Last Trading Day Final Settlement Day
Hong Kong
Stock Futures
HKD HK$0.01 Contract price x the broad lot size of underlying shares Spot month, the next 2 calendar months, and the next 2 calendar quarter months Cash 9:30am-12:00noon
1:00pm-4:00pm
N/A The second last Business Day of the month The first Business Day after the last trading day
*Clients with open positions must square out on or before "Online Trading Deadline" (i.e. two Hong Kong Business Days prior to
 the "Last Trading Day" ). We have the right to force liquidate any open position after the "Online Trading Deadline" without
 further notice.
^Initial Margin and Maintenance Margin are for reference only. For more details, please refer to the website of HKEx.
Remarks: Mason Securities Limited is licensed by the Securities and Futures Commission to carry on Types 1, 4, and 6 regulated activities in Hong Kong (SFC CE Reference: AAC086). Mason Futures Limited is licensed by the Securities and Futures Commission to carry on Type 2 regulated activity in Hong Kong (SFC CE Reference: AAG007).