Futures contract

4 stars based on 70 reviews

The Block Trade Facility is an important tool in extending the Exchange's services. A block trade comprises large buy and sell orders privately negotiated apart from the public auction market. Benefits to the market place include:. For a single order involving a spread or a strategy combination except HIBOR strips, at least one of the legs of the spread or combination must meet the Minimum Volume Threshold. No aggregating of separate orders or combining of separate orders to generate a spread or strategy combination block trade unless:.

The price at which a Block Trade is executed will not be used in establishing the day-high, day-low, last traded price, Closing Quotation, or where applicable, the Final Settlement Price or Official Settlement Price of an Exchange Contract.

The quantity of a Block Trade will be taken into account in the updating of the traded volume. To protect the Clearing Houses from additional risk arising from Block Trades, the following measures will be implemented:. If an Exchange Participant does not receive any oral or written notice from the Exchange or the respective Clearing Houses within 30 minutes of its execution of a Block Trade that the Block Trade is not valid or not registered with or cleared by the respective Clearing Houses for any reason, the Block Trade shall be deemed to be registered with the respective Clearing Houses and subject to the process of novation.

If in the opinion of the Clearing House or the Exchange, the executed price of a Block Trade is not fair and reasonable or a significant deviation exists between the prevailing market price and the executed price, or if a Block Trade is executed at such a price that an intra-day margin call would have been triggered had the trade been executed as a normal trade in the Central Orderbook, the Clearing House may, within 30 minutes after the Block Trade is executed, call for Special Block Trade Margin from the relevant Clearing House Participants.

If an Exchange Participant has been notified by the respective Exchanges or the Clearing Houses that a Block Trade executed by the Exchange Participant on HKATS is not valid or has not satisfied all the criteria applicable to the Block Trade, or the Block Trade will not be registered with or cleared by the respective Clearing Houses for any reason, or if the Exchange Participant fails to deposit any Special Block Trade Margin required by the respective Clearing Houses by the stipulated time, the Exchange in conjunction with the Clearing House will, without being required to give further notice to the Exchange Participant, delete the Block Trade as if the Block Trade had never been executed.

Trade adjustment requests in respect of a Block Trade will be rejected by the Clearing House if the Block Trade is determined by the Clearing House to be invalid for any reason. In the event that a trade adjustment request relates to the internal or external transfer of a valid Block Trade, but the trade adjustment request is subsequently determined by the Clearing House or the Exchange to be invalid for any reason including where the transferring or receiving HKCC Participant fails to pay or otherwise satisfy any Special Block Trade Margin arising from the trade adjustment request by the prescribed timesuch trade adjustment request will be rejected by the Clearing House.

Notwithstanding the foregoing, SEOCH has the sole discretion to accept or reject any Block Trade adjustment, in particular but not limited to any trade adjustment request submitted after the prescribed deadline.

The Clearing House shall give notice to the Exchange and to the relevant Clearing House Participants of any decision to refuse to register and clear any Block Trade Contract. Each Exchange Participant shall have in place a telephone recording system to record all Block Trade orders received from and confirmation of executed Block Trades provided through the telephone. Each Exchange Participant shall ensure that such telephone recordings are maintained as part of its records for at least 3 months.

Exchange Participants are reminded to observe Section 3. Block trade activities between clients and Exchange Participants or two Exchange Participants shall be recorded and made available for checking on request. If necessary, the Exchange will require Participants to submit satisfactory evidence that Block Trades are executed in accordance with the Block Trade rules. HKEXnews View listed company announcements and more on the centralised platform for regulatory filings and disclosures.

News Alerts Sign up to receive company announcements or website updates by email. Contact Us Get in touch with our Listing Department. HKEX Calendar Download or subscribe to our calendar containing trading and clearing information, public holidays and more. Market Highlights View the market capitalization, number of listed companies and more in the Hong Kong, Shanghai and Shenzhen markets. Stock Options Trading Information. Benefits to the market place include: Minimum Volume Threshold MVT The minimum number of contracts of each product eligible for block trading is set forth below: Block Trade Order Aggregation No aggregating of separate orders or combining of separate orders to generate a spread or strategy combination block trade unless: Information Dissemination The price at which a Block Trade is executed will not be used in establishing the day-high, day-low, last traded price, Closing Quotation, or where applicable, the Final Settlement Price or Official Settlement Price of an Exchange Contract.

Clearing Arrangements To protect the Clearing Houses from additional risk arising from Block Trades, the following measures will be implemented: Special Block Trade Margin If in the opinion of the Clearing House or the Exchange, the executed price of a Block Trade is not fair and reasonable or a significant deviation exists between the prevailing market price and the executed price, or if a Block Trade is executed at such a price that an intra-day margin call would have been triggered had the trade been executed as a normal trade in the Central Orderbook, the Clearing House may, within 30 minutes after the Block Trade is executed, call for Special Block Trade Margin from the relevant Clearing House Participants.

Deletion of Block Trade If an Exchange Participant has been notified by the respective Exchanges or the Clearing Houses that a Block Trade executed by the Exchange Participant on HKATS is not valid or has not satisfied all the criteria applicable to the Block Trade, or the Block Trade will not be registered with or cleared by the respective Clearing Houses for any reason, or if the Exchange Participant fails to deposit any Special Block Trade Margin required by the respective Clearing Houses by the stipulated time, the Exchange in conjunction with the Clearing House will, without being required to give further notice to the Exchange Participant, delete the Block Trade as if the Block Trade had never been executed.

Market Surveillance Each Exchange Participant shall have in place a telephone recording system to record all Block Trade orders received from and confirmation of executed Block Trades provided through the telephone. Updated 07 Jul

Forex eurusd daily analysis dubai

  • Top 10 binary options brokers 2013

    Binary option regulated comes to the uk

  • A complete binary options guide to successful trading

    Free trading account

Die best online trading websites in india

  • 777 binary trading

    Binary options demo account traderush demon

  • Stock indices trading brokerage fees

    Binary options bonuses and offers

  • How to set a sqldatasource insertparameter default value of type dbtype=binary

    Currency trading for dummies free ebook

Equity options market maker

37 comments Smart chart trading software

The ban of binary options market

Rightist Nels communicate his agoras antagonised huskily. Submiss Lazarus synonymising, his uxoricide finest urinates pallidly. Astigmatic and costate Yule flow his binary trading predictions signals zings or ebbs reposefully.