International Investments

More information - Hong Kong

International Trading

More Information - Hong Kong Stock Exchange

Please note that epic codes for all Hong Kong listed stocks are numeric.

Market opening hours

TIME ZONE

OPEN

CLOSED

CLOSED BETWEEN

GMT

01:30

08:00

Lunch = 04:00 - 05:00

IST

02:30

09:00

Lunch = 05:00 - 06:00

Local time Hong Kong

09:30

16:00

Lunch = 12:00 - 13:00

Ticks, Tolerance and Lots

When trading on the Hong Kong Stock Exchange you must be aware of tick sizes, tolerance levels and lot sizes.

Ticks

A tick size is the minimum incremental movement in the price of a stock. The minimum size of a tick is dependent on the current share price - see table below.

Share price (HK$)

Tick size

0.01<0.25

0.001

0.25<0.50

0.005

0.50<10.00

0.01

10.00<20.00

0.02

20.00<100.00

0.05

100.00<200.00

0.10

200.00<500.00

0.20

500.00<1,000.00

0.50

1,000.00<2,000.00

1.00

2,000.00<5,000.00

2.00

5,000.00<9,995.00

5.00

For example:

If ABC Plc is currently trading at HK$15.00 - HK$15.20 any limit order must be set at 2 cent increments.
Limit to sell at 15.00 - ok
Limit to sell at 15.01 - not ok
Limit to sell at 15.02 - ok
Limit to sell at 15.03 - not ok

Tolerance levels

A BUY limit order must be placed at the current offer price or down to a maximum of 20 ticks below the current offer price. If a BUY limit order is placed above the current offer price or greater than 20 ticks below the current offer price, the order will be rejected by the market/exchange.

A SELL limit order must be placed at the current bid price or up to a maximum of 20 ticks above the current bid price. If a SELL limit order is placed below the current bid price or greater than 20 ticks above the current bid price, the order will be rejected by the market/exchange.

Lot size

There are three different types of lot size.

Board lot

A quantity of shares that is equal to or a multiple of a set figure that is set by each exchange. For example, if ABC Plc only allows trades to be placed in lots of 500, then only multiples of 500 can be traded (500, 1,000, 1,500, 2,000).

Odd lot

A number of shares that are less than the board lot, for example, 436 shares when ABC Plc trades in lots of 500.

Mixed lot

The amount of shares exceeds one board lot but is not enough to meet the next level, for example 762 shares when ABC Plc trades in lots of 500 (one board lot of 500 + one odd lot of 262 = a mixed lot of 762).

Please note that each stock listed on the Hong Kong Stock Exchange has a different lot size. Details of these can be found at www.hkex.com.hk

  • All purchases must be made in board lots.
  • All mixed and odd lot purchase lots will be rejected.
  • Sales can be placed in mixed and odd lots.
  • The sale of an odd lot will be made in the end of day auction which could affect the price.
  • In the case of mixed lots the available board lot will be traded with the remainder treated as an odd lot.

Types of Order

Only limit orders are permitted on the Hong Kong Stock Exchange.

Settlement

On the Hong Kong Stock Exchange is T+2.

You can settle and trade in HKD with multi-currency account using the TD Direct Investing FX service - this is T+2.

Which account do I need to trade on the Hong Kong Market?

You can trade on the Hong Kong Stock Exchange with a Trading Account.