Date: February 18, 2013 Source: Futures Daily
¡¡¡¡According to the Xinhua News Agency, the Hong Kong Exchanges and Clearing Limited (HKEx) announced on February 14 that the revised rules on after-hours futures trading has been approved by the supervisiory body and it plans to launch the after-hours trading on April 8, 2013.
¡¡¡¡Since April 8, the Hang Seng Index and the H-shares Index futures can be traded during the after-hours trading time from 5:00 pm till 11:00 pm, apart from the normal trading time (9:15 am ¨C 12:00 am and 1:00 pm ¨C 4:15 pm). HKEx will consider bringing gold futures into the after-hours trading.
¡¡¡¡It is learnt that the upper/lower price limit mechanism will be implemented in the after-hours futures trading. The selling price should not be below 95% of the price of spot month contract during the normal trading time, and the buying price should not be above 105%.
¡¡¡¡HKEx said that it will supervise the trading during the after-hours futures trading time and will review relevant trading and settlement arrangements and risk-control measures after 6 months of implementing the after-hours trading.
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