Contract Specifications of Hong Kong Futures
Details of Index Futures Contracts:
Hang Seng Index Futures / Mini Hang Seng Index Futures  
Hang Seng Index Futures
Standard
Mini
Underlying Index
Hang Seng Index
Contract Multiplier
HKD 50 per index point
HKD 10 per index point
Mininum Fluctuation
One index point
Contract Month
Spot, next calender & next two quarter months
Pre-market Opening Session
08:45 am - 09:15 am & 12:00pm - 01:00 pm
Trading Hours
 09:15 am - 12:00 nn,  01:00 pm - 04:15 pm & 05:00pm - 11:45pm
(Expiring contract month closes at 04:00 pm on the last trading day)
Last Trading Day
The business day immediately preceding the last business day of the contract month
Final Settlement Price
Average of quotation of the Hang Seng Index taken at five minute intervals during the last trading day  
Settlement Method
Cash settlement

Details of Index Futures Contracts:
H-shares Index Futures / Mini H-shares Index Futures
H-shares Index Futures
Standard
Mini
Underlying Index
Hang Seng China Enterprises Index (HSCEI)
Contract Multiplier
HKD 50 per index point  
HKD 10 per index point
Minimum Fluctuation 
One index point
Contract Months
Spot, next calender & next two quarter months
Pre-market Opening Session
08:45 am - 09:15 am & 12:30pm - 01:00 pm
Not available
Trading Hours
09:15 am - 12:00 nn, 01:00 pm - 04:15 pm & 05:00pm - 11:45pm
(Expiring contract month closes at 04:00 pm on the last trading day)
Last Tradng Day 
The business day immediately preceding the last business day of the contract month
Final Settlement Price 
Average of quotation of the HSCEI taken at five minute intervals during the last trading day
Settlement Method 
Cash settlement  

Contract Specification of Hong Kong Options 
Details of Index Options Contracts:
Hang Seng Index Options / Mini Hang Seng Index Options
Hang Seng Index Options
Standard
Mini 
Underlying Index 
Hang Seng Index point
Contract Multiplier 
HKD 50 per index point  
HKD 10 per index point
Minimum Fluctuation 
One index point
Contract Months 
Long-dated options : The next five months of June & December
Short-dated options : Spot, next two calendar & next three quarter months 
Short-dated options : Spot, next month & next two quarter months
Exercise Style
European style 
Option Premium 
Quoted in whole index points 
Strike Prices 
Short-dated options

Index Points Intervals
Below 2,000 50
At or above 2,000 but below 8,000 100
At or above 8,000   200

Long-dated options (Not applicable to Mini Hang Seng Index Options)

Index Points  Intervals  
Below 4,000 100
At or above 4,000 but below 8,000 200
At or above 8,000 but below 12,000 400
At or above 12,000 but below 15,000 600
At or above 15,000 but below 19,000 800
At or above 19,000 1000
Trading Hours 
09:15 am - 12:00 nn & 01:00 pm - 04:15 pm
(Expiring contract month closes at 04:00 pm on the expiry day)
Expiry Month 
The business day immediately preceding the last business day of the contract month
Final Settlement Price
Average of quotation of the Hang Seng Index taken at the five minute intervals during the expiry day 
Settlement Method
Cash settlement
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H-shares Index Options
H-shares Index Options
Underlying Index
Hang Seng China Enterprises Index (HSCEI)
Contract Multiplier
HKD 50 per index point
Minimum Fluctuation
One index point  
Contract Months
Long-dated options: the next three months of June & December  
Short-dated options: spot, next two calendar & next three quarter months
Exercise Style
European style
Option Premium
Quoted in whole index points  
Strike Prices
Short-dated options

Index points Intervals
Below 2,000 50
At or above 2,000 but below 8,000 100
At or above 8,000   200

Long-dated options

Index Points Intervals
Below 4,000 100
At or above 4,000 but below 8,000 200
At or above 8,000 but below 12,000 400
At or above 12,000 but below 15,000 600
At or above 15,000 but below 19,000 800
Trading Hours
09:15 am - 12:00 nn & 01:00 pm - 04:15 pm
(Expiring contract month closes at 04:00 pm on the expiry day)
Expiry Month
The business day immediately preceding the last business day of the contract month
Final Settlement Price
Average of quotation of the HSCEI taken at five minute intervals during the expiry day
Settlement Method
Cash settlement  

Gold Futures
 
Underlying Metal
Gold of not less than 995 fineness
Contract Size
100 troy ounces
Minimum Fluctuaions
USD 0.1 per troy ounce
Contract Months
Spot month and the next two calendar months
Trading Hours
08:30 am - 05:00 pm ( No lunch break )
Last Trading Day
The third last Hong Kong business day of the contract month
Final Settlement Price
US dollars at London Moring Gold Fixing carried out by the London Gold Market Fixing Limited and published by The London Bullion Market Association on the last trading day
Cash Settlement Value
The final settlement price multiplied by the contract size
Settlement Method
Cash settlement

Index Futures
Product
Symbol
Exchange
Tick Size
Tick Value
Contract Size
Exhcange Trading Hours(HKT) (Electronic Trading) [Opening Octcry
]
Mini-sized Dow Jones Industrial Average Index ($5 multiplier) ○
YM
CBOT
1
USD 5
USD 5 x Index
(06:00 – 05:30)
E Mini Nasdaq 100 Stock Index ○
NQ
CME
0.25
USD 5
USD 20 x Index
(06:00 – 05:30)
S&P 500 Index ▲○
SP
CME
0.1
USD 25
USD 250 x Index 
(04:30 – 21:15) [21:30 – 04:15]
Mini S&P 500 Index  ○
ES
CME
0.25
USD 12.5
USD 50 x Index
(06:00 – 05:30)
Nikkei 225 Index *
SSI
SGX
5
JPY 2,500
JPY 500 x Index
(07:45 – 14:30; 15:15 – 02:00)
SGX FTSE Xinhua China A50 Index *
CN
SGX
5
USD 5
USD 1 x Index
(09:00 - 16:00 ; 16:40 - 02:00)
MSCI Taiwan Index*
STW
SGX
0.1
USD 10
USD 100 x Index
(08:45 – 13:50; 14:45 – 02:00)
MSCI Singapore Free (SiMSCI) Index SGP SGX 0.05 SGD 5 SGD 100 x Index (08:30 – 17:15; 18:15 – 02:00)
CAC 40 Index 
FCE
LIFFE
0.5
EUR 5
EUR 10 x Index
(14:00 - 04:00)
Dax Index
FDAX
EUREX
0.5
EUR 12.5
EUR 25 x Index
(13:50 – 04:00)
DJ Euro Stock 50 Index 
FESX
EUREX
1
EUR 10
EUR 10 x Index
(13:50 – 04:00)
 Kospi 200 Index  KS  KSE  0.05  KRW 25,000  KRW 500,000 x Index (9:00 – 15:15)
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Energy Futures & Others
Product
Symbol
Exchange
Tick Size
Tick Value
Contract Size
Exchange Trading Hours (HKT)
(Electronic Trading)[Opening Outcry]
Light, Sweet Crude Oil  
CL
NYMEX
0.01
USD 10
1,000 Barrels
(06:00 – 05:15) [21:00 – 02:30]
Heating Oil 
HO
NYMEX
0.0001
USD 4.2
42,000 US Gallons 
(06:00 – 05:15) [21:00 - 02:30]
E-mini Light Sweet Crude Oil 
QM
NYMEX
0.025
USD 12.5
500 Barrels
(06:00 – 05:15) [21:00 – 02:30]
Natural Gas 
NG
NYMEX
0.001
USD 10
10,000 mmBtu 
(06:00 – 05:15)
Gasoline 
RB
NYMEX
0.0001
USD 4.2
42,000 US Gallons 
(06:00 – 05:15)
TOCOM Rubber*
JRU
TOCOM
0.1
JPY 500
5,000 KG
(8:00 - 14:30; 16:00 - 18:00)
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Interest Rate Futures
Product
Symbol
Exchange
Tick Size
Tick Value
Contract Size
Exchange Trading Hours (HKT)
(Electronic Trading) [Open Octcry]
30 Year US Treasury Bond 
ZB
CBOT
1/32
USD 31.25
USD 100,000
(06:00 – 05:00) [20:20 – 03:00]
10 Year US Treasury Note 
ZN
CBOT
1/64
USD 15.625
USD 100,000
(06:00 – 05:00) [20:20 – 03:00]
5 Year US Treasury  Note
ZF
CBOT
1/128
USD 7.8125
USD 100,000
(06:00 – 05:00) [20:20 – 03:00]
2 Year US Treasury Note 
ZT
CBOT
1/128
USD 7.8125
USD 200,000
(06:30 – 05:00) [20:20 – 03:00]
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Agricultural Futures
Product
Symbol
Exchange
Tick Size
Tick Size
Contract Size
Exchange Trading Hours (HKT) (Electronic trading) [Opening Outcry] 
Live Cattle  
LE
CME
0.00025
USD 10
40,000 lbs
Monday ~ Friday
21:30 - 02:05 (the next day)
Lean Hogs 
HE
CME
0.00025
USD 10
40,000 lbs
Monday ~ Friday
21:30 - 02:05 (the next day)
Corn 
ZC
CBOT
0.0025
USD 12.50
5,000 bushels
(06:00 – 03:00) [22:30 – 02:15]
Oats 
ZO
CBOT
0.0025
USD 12.50
5,000 bushels
(06:00 – 03:00) [22:30 – 02:15]
Soybeans 
ZS
CBOT
0.0025
USD 12.50
5,000 bushels
(06:00 – 03:00) [22:30 – 02:15]
Soybean Meal 
ZM
CBOT
0.1
USD 10
100 tons
(06:00 – 03:00) [22:30 – 02:15]
Soybean Oil
ZL
CBOT
0.0001
USD 6
60,000 lbs
(06:00 – 03:00) [22:30 – 02:15]
Wheat 
ZW
CBOT
0.0025
USD 12.50
5,000 bushels
(06:00 – 03:00) [22:30 – 02:15]
Rough Rice 
ZR
CBOT
0.005
USD 10
2,000 cwt
(06:00 – 03:00) [22:30 – 02:15]
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Metal Futures
Product
Symbol
Exchange
Tick Size
Tick Value
Contract Size
Exchange Trading Hours (HKT)
(Electronic Trading) [Open Outcry]
Copper 
HG
NYMEX
0.0005
USD 12.50
25,000 lbs
(06:00 – 05:15) [20:10 – 01:00]
Gold 
GC
NYMEX
0.1
USD 10
100 troy oz 
(06:00 – 05:15) [20:20 – 01:30]
Mini-Gold 
QO
NYMEX
0.25
USD 12.5
50 troy oz 
(06:00 – 05:15)
Palladium 
PA
NYMEX
0.05
USD 5
100 troy oz 
(06:00 – 05:15) [20:30 – 01:00]
Silver 
PL
NYMEX
0.1
USD 5
50 troy oz 
(06:00 – 05:15) [20:20 – 01:05]
32 Troy Ounces Gold
SI
NYMEX
0.005
USD 25
5,000 troz oz 
(06:00 – 05:15) [20:25 – 01:25]
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London Metal Exchange Futures
Product
System
Exchange
Tick Size
Tick Value
Contract Size
Exchange Trading Hours (HKT)
(Electronic Trading) [Open Outcry]
Primary Aluminum 
LAH3M
LME
0.25
USD 6.25
25 tonnes
(08:00 – 02:00)
Copper Grade A
LCA3M
LME
0.25
USD 6.25
25 tonnes 
(08:00 – 02:00)
Standard Lead 
LPB3M
LME
0.25
USD 6.25
25 tonnes
(08:00 – 02:00)
Primary Nickel 
LNI3M
LME
1
USD 6
6 tonnes
(08:00 – 02:00)
Tin 
LSN3M
LME
1
USD 5
5 tonnes
(08:00 – 02:00)
Special High Grade Zinc 
LZS3M
LME
0.25
USD 6.25
25 tonnes
(08:00 – 02:00)
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Currency Futures
Product
Symbol
Exchange
Tick Size
Tick Value
Contract Size
Exchange Trading Hours (HKT)
(Electronic Trading) [Open Outcry]
Australian Dollar 
6A
CME
0.0001
USD 10
100,000 AUD
(06:00 – 05:00)
Canadian Dollar 
6C
CME
0.0001
USD 10
100,000 CAD
(06:00 – 05:00)
Swiss Franc 
6S
CME
0.0001
USD 12.5
125,000 CHF
(06:00 – 05:00)
Mini Euro FX 
E7
CME
0.0001
USD 6.25
62,500 EUR
(06:00 – 05:00)
Euro FX 
6E
CME
0.0001
USD 12.5
125,000 EUR
(06:00 – 05:00)
British Pound 
6B
CME
0.0001
USD 6.25
62,500 GBP
(06:00 – 05:00)
Mini JPY 
J7
CME
0.000001
USD 6.25
6,250,000 JPY
(06:00 – 05:00)
JPY 
6J
CME
0.000001
USD 12.5
12,500,000 JPY
(06:00 – 05:00)
New Zealand Dollar 
6N
CME
0.0001
USD 10
100,000 NZD
(06:00 – 05:00)
Chinese Renminbi 
RMB
CME
0.00001
USD 10
1,000,000 RMB
(06:00 – 05:00)
EUR/JPY 
RY
CME
0.01
JPY 1,250
125,000 EUR
(06:00 – 05:00)
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Contract Month Code
Month
1
2
3
4
5
6
7
8
9
10
11
12
Future 
F
G
H
J
K
M
N
Q
U
V
X
Z
Call
A
B
C
D
E
F
G
H
I
J
K
L
Put
M
N
O
P
Q
R
S
T
U
V
W
X
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Remarks 
  1. Pause period for Overseas Futures electroni ctrading is set as 04:30 am - 06:00 am every trading day. For manual trading of specific products except products marked with ○ , please contact us at (852) 3555 7999; 
  2. For product which is marked with ▲, trading will be suspended for unfilled order at the end of electronic trading session. To continue trading in open outcry session, please contact us (852) 3555 7799;
  3. For product which is marked with▲during open outcry session, no real time price quote nor electronic trading is available. You may trade manually with us, but your irder will not be displayed in your electronic trading syetems;
  4. Trading of all commodities futures may be ended in advance to the last trading day due to non-physical settlement. For actual last trading day, please refer to the date announced by YSHK in the Product Information Column in SP Trader;
  5. Since electronic trading is not available for products traded in the London Metal Exchange (LME), please contact us at (852) 3555-7799 if you would like to trade these products;;
  6. The trading hours for the above exchanges are displayed in Hong Kong summer time, in which winter time is 1 hour delay of summer time, except products marked with *;
  7. EUREX: http://www.eurexchange.com/clearing/risk/parameters_en.html
ALL the above information is for reference only, no warranty of accuracy is guaranteed. YSHK reserves the right to amend without further norice. For latest information and detailed contract specifiation, please refer to the website of related exchanges.

CME
Chicago Merchantile Exchange
CBOT(CME)
Chicago Board of Trade
NYMEX(CME)
New York Merchantile Exchange
NYBOT(ICE)
New York Board of Trade
LIFFE
London International Financial Futures and Options Exchange
SGX
Singapore Exchange
LME
London Metal Exchange
TOCOM
Tokyo Commodity Exchange
IPE(ICE)
International Petroleum Exchange
EUREX
Eurex

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Contract Specification
Item Contract Specification
Underlying Stock & Options Code Please refer to the List of Stock Option Classes Available for Trading
Option Types Calls and Puts
Contract Size One board lot of underlying shares

Except for:
Agricultural Bank of China Limited - 10,000 shares (10 board lots)
AIA Group Limited - 1,000 shares (5 board lots)
iShares FTSE / Xinhua A50 China Index ETF - 5,000 shares (50 board lots)
W.I.S.E. - CWI 300 China Tracker - 1,000 shares (5 board lots)
Contract Value Option premium multiplied by the contract size
Contract Month Spot, the next two calendar months & three quarter months
Minimum Fluctuation HKD0.01
Option Premium Quoted in HKD on a per share basis
Strike Price Underlying Price Interval Underlying Price Interval
From (HKD) To (HKD) )HKD) From (HKD) To (HKD) (HKD)
0 2 0.05 50 100 2.5
2 5 0.10 100 200 2.5
5 10 0.25 200 300 5
10 20 0.5 300 500 10
20 50 1      
Trading Hours (Hong Kong Time) 9:30am - 12:00pm & 1:00pm - 4:00pm
Expiry Date The business day immediately preceding the last basiness day of the contract month
Exercise Style (American) Options can be exercised at any time up to 6:45pm on any business day and including the last trading day
Settlement Physical delivery of underlying shares on exercuse and settlement period are:
T + 1 (options premium, payable in full) or T + 2 (stock transfer following exercise)

 
Contract Month Code
Month 1 2 3 4 5 6 7 8 9 10 11 12
Call  A B C D E F G H I J K L
Put  M N O P Q R S T U V W X

 
List of Stock Option Classes Available for Trading
For details please see the website of Hong Kong Exchanges and Clearing Limited: http://www.hkex.com.hk
For enquiries, please contact your Account Executive or Customer Services Hotoine at (852) 3555 7878.
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