Hong Kong Exchanges and Clearing Limited (HKEx) is a leading global operator of exchanges and clearing houses based in Hong Kong and one of the world’s largest exchange groups by market capitalization. HKEx operates the securities and derivatives markets and their related clearing houses and is the regulator of listed companies in Hong Kong. To increase competitiveness and meet the challenges of a global market, the Stock Exchange of Hong Kong Limited (SEHK) and Hong Kong Futures Exchange Limited (HKFE), together with Hong Kong Securities Clearing Company Limited (HKSCC), merged under a single holding company, HKEx.
The algorithm for ranking and matching orders received is based firstly on the best price (i.e., highest bid and lowest ask have the highest priority), and secondly on the time the order is received in HKATS. Quotes from Market Makers are also subject to the same ranking, matching, and pricing methodologies. The HKEx matching engine is located in Hong Kong.
TT supports all futures and options products available for trading through the HKEx Derivatives Trading System (HKATS).
For a complete list of products, refer to the HKEx website.
For the latest list of products available for the T+1 (After Hours Trading) session refer to After-Hours Futures Trading.
TT supports the following HKEx functionality:
The following HKEx functionality is not supported:
The following table shows HKEx trading states on TT:
|Pre-Open - T Session (day or afternoon)||Includes open allocation, pre-open, and pre-open allocation market states.|
|Open - All (T, T + 1)||Includes markets tradable in the T and T + 1 sessions, markets enabled with price limit control, and markets enabled with dynamic price banding.|
|Close - All (T, T + 1)||In this state, all markets are closed.|
|Freeze - T Session (day or afternoon)||All markets are paused for trading.|
HKEx offers different trading hours for their securities and derivatives markets. Trading hours for derivatives vary by contract.