HKFE Hang Seng Index Futures

In 2007, HKFE Hang Seng Index futures traded 17,160,964 contracts (+34.9 percent YOY) and HKFE Hang Seng Index futures options traded 7,480,183 (+82.6 percent YOY).

Hang Seng Index futures
Exchange	Hong Kong Exchanges and Clearing
Settlement	Cash settled
Contract Size	HK$50 per index point
Pricing Unit	HK$50
Tick Value	HK$50
Contract Months	Spot, next calendar month & next two calendar quarter months.
Last Trading Day	The business day immediately preceding the last business day of the contract month.
Note: This contract is electronic ONLY -- no open outcry
	No Open Outcry	Electronic
Trading Hours	N/A	9:45 am - 12:30 pm & 2:30 pm - 4:30 pm (Expiring contract month closes at 4:00 pm on the Last Trading Day) The trading hours on eves of Christmas, New Year and Chinese New Year shall be 9:45 am - 1:00 pm
Ticker Symbol	N/A	HSI
Price Limits	N/A	N/A
Hang Seng Index options
Trade Unit	One futures contract
Point Value	HK$50 (One index point)
Tick Value	HK$50 (One index point)
Option Months	Short-dated Options:- Spot, next two calendar months & next three calendar quarter months Long-dated Options:- the next five months of June & December
Strike Prices	Short-dated options Index points Intervals At or above 2,000 but below 8,000 - 100 At or above 8,000 - 200 Long-dated options Index points Intervals 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 - 1,000
Exercise Style	European
	No Open Outcry	Electronic
Trading Hours	N/A	9:45 am - 12:30 pm & 2:30 pm - 4:30 pm (Expiring contract month closes at 4:00 pm on the Expiry Day)
Ticker Symbol	N/A	N/A
Price Limits	N/A	N/A

Resources

Contract Summary Hang Seng Index Futures

Contract Summary Hang Seng Index Options