Futures trading mechanism

(1) Transaction currency: Hong Kong dollar and US dollar;

(2) Transaction method: The opening transaction does not generate the actual order amount, and the user's maximum purchasing power can pay the margin to open the position;

(3) Order type:

  Hong Kong futures: support limit orders, market orders, and auction market orders, among which auction market orders need to be carried out during the negotiation period before the market opens;

  US futures: support limit orders and market orders;

  Singapore futures, Japan futures: support limit orders;

(4) Maximum number of orders: a single order cannot exceed 100 contracts;

(5) The principle of closing a position: follow the principle of opening first, closing first, that is, the order of closing positions will be carried out according to the opening time, and the contracts with the earlier opening time will be closed first;

(6) Delivery mechanism of futures:

   Cash delivery: Futures contracts that are not liquidated after the last trading day will enter the delivery phase without special operations.

   Physical delivery: For direct physical delivery that does not support commodity futures, customers need to close their positions before the expiry date.