Tuesday March 4 2014
News Source: Global Exchanges
Focus: Holidays and Opening Hours and suspensions
Type: General
Country: Hong Kong
Link: http://www.hkex.com.hk/eng/newsconsul/hkexnews/2014/1403043news.htm
Hong Kong Exchanges and Clearing Limited (HKEx) will add renminbi (RMB) currency futures – the world’s first deliverable RMB currency futures – to after-hours trading from 7 April, 2014. On the same day, HKEx will also introduce the fourth calendar quarter to the product’s contract months and add more calendar spreads.
The current trading, clearing and risk management measures for HKEx’s 5pm to 11pm after-hours futures trading (AHFT) will apply to after-hours trading of RMB currency futures with the exception of a price limit of plus or minus 3 per cent of the last traded price of each RMB currency futures contract month during day trading (the price limit for after-hours trading of stock index futures will continue to be plus or minus 5 per cent; the limits are based on the underlying instruments` asset class and historical price movements). If there is no last traded price for a contract month during the day session, the previous day`s daily settlement price will be used as the reference price. For newly listed contract months, the reference price of the preceding contract month will apply.
Additional Contract Month
The addition of the fourth calendar quarter month will increase RMB currency futures` coverage to 16 months via 8 contract months.
Contract months available for trading from 7 April 2014
Additional Calendar Spreads
There will be four additional calendar spreads, raising the total from 6 to 10.
Calendar spreads available for trading from 7 April 2014
Click on the above link for further details.