HKEX Hong Kong Exchange
HKEx itself was formed in 2000 as a result of merges of The Stock Exchange of Hong Kong Ltd, Hong Kong Futures Exchange Ltd and Hong Kong Securities Clearing Company Ltd. HKEx executed IPO in 2000. Shares are placed among vast number of companies but massive impact on HKEx is made by the state.
The trading is carried out in terms of standard lots of shares on the basis of auction and the settlements are executed on the following day.
Trading volume: $464,273 billion (2005). Listing: 1135 companies (2005).
Capitalization: US$2.124 trillion. Profits: $172,8 million (2005).
The main index: S&P/HKEx LargeCap reflects the state of 25 stocks overall weight of which makes up about 75% of the stock’s capitalization.
HKEx is opened from Monday through Friday from 10:00am to 12:30pm and from 2:30pm to 4:00pm (From 9:00pm to 11:30pm and from 1:30am to 3:00am New York Standard (EST) time)
2009 List of Holidays :
|The first day of January||1 January 2009|
|Lunar New Year Day||26 January 2009|
|The second day of Lunar New Year||27 January 2009|
|The third day of Lunar New Year||28 January 2009|
|Good Friday||10 April 2009|
|Easter Monday||13 April 2009|
|Labour Day||1 May 2009|
|Tuen Ng Festival||28 May 2009|
|Hong Kong Special Administrative Region Establishment Day||1 Jule 2009|
|National Day||1 October 2009|
|Chung Yeung Festival||26 October 2009|
|Christmas Day||25 December 2009|
|The first weekday after Christmas Day||26 December 2009|
ANG Markets provides unique and exceptional advantages for CFD clients:
- More than 700 available symbols
- Broad array of world trading instruments
- 24-hour dealing and customer service (21:00 Sunday – 01:00 Saturday, GMT)
|Symbol||Name||Contract volume||Necessary Margin||Currency||Swap||Commission|
|#0228-HKG||China Energy Development Holdings Limited||10000||10%||HKD||-6.00%||-6.00%||0.6%||0.45%|
|#0245-HKG||China Seven Star Shopping Limited||10000||10%||HKD||-6.00%||-6.00%||0.6%||0.45%|
|#0728-HKG||China Telecom Corporation Limited||10000||10%||HKD||-6.00%||-6.00%||0.6%||0.45%|
|#0857-HKG||PetroChina Company Limited||10000||10%||HKD||-6.00%||-6.00%||0.6%||0.45%|
|#0939-HKG||China Construction Bank Corporation||10000||10%||HKD||-6.00%||-6.00%||0.6%||0.45%|
|#1398-HKG||Industrial And Commercial Bank of China Limited||10000||10%||HKD||-6.00%||-6.00%||0.6%||0.45%|
|#3988-HKG||Bank of China Limited||10000||10%||HKD||-6.00%||-6.00%||0.6%||0.45%|
Symbol - an identity code allocated to a trading instrument.
Contract size - minimum amount of a commodity or financial instrument which can be traded in a futures (lot size)
Margin rate - interest rate for amounts borrowed for the purpose of buying on margin.
SWAP (next day) - as market swaps (in points)
Swaps - simultaneous purchase and sale, or vice verse, of identical amounts of one currency for another with different value dates (Wednesday to Thursday swap increases three times).
Swap's rate the difference, whether positive or negative, between forward exchange rate and the spot rate for a given currency, usually expressed in points.