The Hong Kong Stock Exchange (HKEx) has expanded the product range available in after-hours trading.
After-hours trading will now be available for block trading, Mini Hang Seng index futures and Mini H-shares index futures.
The after-hours session at HKEx runs from 5 pm to 11 pm Hong Kong time. The new products join an existing array that includes standard Hang Seng index futures and H-shares index futures.
Block trades are not exempt from the +/-5% price limit that applies in the after-hours trading session. Furthermore, block trades or block trade-related adjustments will be rejected if there is insufficient collateral in the participant’s account during after-hours trading, because no banking facilities are available at that time for margin calls.
According to exchange statistics, Mini Hang Seng index futures accounted for about 16% of HKEx’s futures trading volume in the first ten months of 2013 and Mini H-shares index futures accounted for approximately 4%.