The Exchange is closed on Saturdays, Sundays and the observed holidays
Continuous Trading Session
Morning Session: 09:30 a.m. to 12:00 p.m.
Afternoon Session: 01:00 p.m. to 04:00 p.m.
There is no Afternoon Session on the eves of Christmas, New Year and Lunar New Year.
Please check with HK Exchange for any latest updates.
Pre-opening Session^:
Time
At-auction Order(AUC)
At-auction Limit Order(ALO)
9:00 a.m. - 9:15 a.m.
Order input period
Order input
Order input
Reduce
Reduce
Cancel
Cancel
9:15 a.m. - 9:20 a.m.
Pre-matching period
Order input only
N/A
9:20a.m. - 9:28a.m.
Order matching period
Unmatched orders will be cancelled.
Unmatched orders will be converted to Limit Orders and carried forward to morning trading session.
^ AUC and ALO are not supported by the Interactive Voice Response System(IVRS).
Order Types:
Pre-opening Session
At-auction Order
(AUC)
No specified price
High order matching priority than an ALO and will be matched in time priorty at the final IEP.
Any outstanding AUC after the end of the Pre-opening Session will be cancelled before the commencement of the Continuous Trading Session.
At-auction Limit Order (ALO)
With a specified price
Any outstanding ALO will be carried forward to the Continuous Trading Session and treated as limit order provided that the specified price of that ALO does not deviate 9 times or more from the nominal price. Such orders will be put in the price queue of the input price.
Continuous Trading Session
Limit Order
Allow matching only at specified price.
The sell order price input cannot below the best bid price, if any whereas the buy order price input cannot above the best ask price, if any. Any outstanding limit order will be put in the price queue of the input price.
Enhanced Limit Order
Allow matching of up to 10 price queues at a time (The sell order input price can be set at a price of up to 9 spreads below the current bid price, whereas the buy order input price canset at a price of up to 9 spreads above the current ask price).
Any outstanding enhanced limit order will be treated as a limit order and put in the price queue of the input price.
Special Limit Order
Allow matching of up to 10 price queues at a time (The sell order input price can be set at a price of up to 9 spreads below the current bid price, whereas the buy order input price canset at a price of up to 9 spreads above the current ask price).
No restriction on the input price as long as the order input price is at or below the best bid price for a sell order or at or above the best ask price for a buy order.
Any outstanding special limit order will be cancelled and will not be stored in the AMS/3.
*The information contained in this page does not serve as an invitation to buy/sell securities or other financial products. The price of financial products may move up or down, and may become valueless. It is as likely that losses will be incurred rather than profit made as a result of buying and selling financial products.
