eFuturesGlobal Futures
Global Futures

Introduction


Instant Funds Transfer between Securities and Global Futures Accounts

Funds in securities and global futures accounts are inter-transferable freely and instantly. The money management is so flexible that you can adjust your investment timely.

One Account, Multi Currencies

Clients can hold HKD, USD, RMB, SGD, AUD and JPY on our global trading platform at the same time.

Auto Currency Conversion

All currencies in the account can be combined as single buying power to invest all markets on our global trading platform. Our system can intelligently calculate and auto-convert your currencies to fulfil the funds required for executions and settlements. No need to contact us to do the conversion by yourself, our system will handle it for you. Save your time and focus on your investment.
Contract Summary

Index Futures
Contract NameExchangeCodeContract SizeContract MonthsMinimum FluctuationTrading Hours (HKT)Settlement Method
Contract Name
E-mini Dow Jones-US$5
Exchange
CBOT
Code
YM
Contract Size
USD 5 x Index
Contract Months
3, 6, 9, 12
Minimum Fluctuation
1 pt. = USD 5
Trading Hours (HKT)
06:00 - 04:15 ; 04:30 - 05:00
(Summer)

07:00 - 05:15 ; 05:30 - 06:00
(Winter)
Settlement Method
Cash
Contract Name
E-mini S & P 500
Exchange
CME
Code
ES
Contract Size
USD 50 x Index
Contract Months
3, 6, 9, 12
Minimum Fluctuation
0.25 pt. = USD 12.5
Trading Hours (HKT)
06:00 - 04:15 ; 04:30 - 05:00
(Summer)

07:00 - 05:15 ; 05:30 - 06:00
(Winter)
Settlement Method
Cash
Contract Name
E-mini NASDAQ 100
Exchange
CME
Code
NQ
Contract Size
USD 20 x Index
Contract Months
3, 6, 9, 12
Minimum Fluctuation
0.25 pt. = USD 5
Trading Hours (HKT)
06:00 - 04:15 ; 04:30 - 05:00
(Summer)

07:00 - 05:15 ; 05:30 - 06:00
(Winter)
Settlement Method
Cash
Contract Name
Micro E-mini Dow Jones
Exchange
CBOT
Code
MYM
Contract Size
USD 0.5 x Index
Contract Months
3, 6, 9, 12
Minimum Fluctuation
1 pt. = USD 0.5
Trading Hours (HKT)
06:00 - 04:15 ; 04:30 - 05:00
(Summer)

07:00 - 05:15 ; 05:30 - 06:00
(Winter)
Settlement Method
Cash
Contract Name
Micro E-mini S & P 500
Exchange
CME
Code
MES
Contract Size
USD 5 x Index
Contract Months
3, 6, 9, 12
Minimum Fluctuation
0.25 pt. = USD 1.25
Trading Hours (HKT)
06:00 - 04:15 ; 04:30 - 05:00
(Summer)

07:00 - 05:15 ; 05:30 - 06:00
(Winter)
Settlement Method
Cash
Contract Name
Micro E-mini NASDAQ 100
Exchange
CME
Code
MNQ
Contract Size
USD 2 x Index
Contract Months
3, 6, 9, 12
Minimum Fluctuation
0.25 pt. = USD 0.5
Trading Hours (HKT)
06:00 - 04:15 ; 04:30 - 05:00
(Summer)

07:00 - 05:15 ; 05:30 - 06:00
(Winter)
Settlement Method
Cash
Contract Name
Nikkei 225 Index–Dollar
Exchange
CME
Code
NKD
Contract Size
USD 5 x Index
Contract Months
3, 6, 9, 12
Minimum Fluctuation
5 pt. = USD 25
Trading Hours (HKT)
06:00-05:00
(Summer)

07:00-06:00
(Winter)
Settlement Method
Cash
Contract Name
Nikkei 225 Index–Yen
Exchange
CME
Code
NIY
Contract Size
JPY 500 x Index
Contract Months
3, 6, 9, 12
Minimum Fluctuation
5 pt. = JPY 2500
Trading Hours (HKT)
06:00-05:00
(Summer)

07:00-06:00
(Winter)
Settlement Method
Cash
Contract Name
Bitcoin
Exchange
CME
Code
BTC
Contract Size
5 Bitcoin
Contract Months
2M&2Q
Minimum Fluctuation
USD 5 per bitcoin = USD 25
Trading Hours (HKT)
06:00-05:00
(Summer)

07:00-06:00
(Winter)
Settlement Method
Cash
Contract Name
Nikkei 225 Index
Exchange
SGX
Code
NK
Contract Size
JPY 500 x Index
Contract Months
3, 6, 9, 12
Minimum Fluctuation
5 pt. = JPY 2500
Trading Hours (HKT)
07:30 – 14:25 ; ◎14:55 – 04:45
(Summer)

07:30 – 14:25 ; ◎14:55 – 04:45
(Winter)
Settlement Method
Cash
Contract Name
Mini Nikkei 225 Index
Exchange
SGX
Code
NS
Contract Size
JPY 100 x Index
Contract Months
3, 6, 9, 12
Minimum Fluctuation
1 pt. = JPY 100
Trading Hours (HKT)
07:30 – 14:25 ; ◎14:55 – 04:45
(Summer)

07:30 – 14:25 ; ◎14:55 – 04:45
(Winter)
Settlement Method
Cash
Contract Name
MSCI Singapore Index
Exchange
SGX
Code
SGP
Contract Size
SGD 100 x Index
Contract Months
2M&4Q
Minimum Fluctuation
0.05 pt. = SGD 5
Trading Hours (HKT)
08:30 – 17:10 ; ◎17:40 – 04:45
(Summer)

08:30 – 17:10 ; ◎17:40 – 04:45
(Winter)
Settlement Method
Cash
Contract Name
MSCI Taiwan Index
Exchange
SGX
Code
TW
Contract Size
USD 100 x Index
Contract Months
2M&12Q
Minimum Fluctuation
0.1 pt. = USD 10
Trading Hours (HKT)
08:45 – 13:45 ; ◎14:15 – 04:45
(Summer)

08:45 – 13:45 ; ◎14:15 – 04:45
(Winter)
Settlement Method
Cash
Contract Name
FTSE Xinhua China A50 Index
Exchange
SGX
Code
CN
Contract Size
USD 1 x Index
Contract Months
2M&4Q
Minimum Fluctuation
2.5 pt. = USD 2.5
Trading Hours (HKT)
09:00 – 16:30 ; ◎17:00 – 04:45
(Summer)

09:00 – 16:30 ; ◎17:00 – 04:45
(Winter)
Settlement Method
Cash
Contract Name
NIFTY 50 Index
Exchange
SGX
Code
IN
Contract Size
USD 2 x Index
Contract Months
2M&4Q
Minimum Fluctuation
0.5 pt. = USD 1
Trading Hours (HKT)
09:00 – 18:10 ; ◎18:40 – 04:45
(Summer)

09:00 – 18:10 ; ◎18:40 – 04:45
(Winter)
Settlement Method
Cash
Currency Futures
Contract NameExchangeCodeContract SizeContract MonthsMinimum FluctuationTrading Hours (HKT)Settlement Method
Contract Name
Australian Dollar
Exchange
CME
Code
6A
Contract Size
AUD 100,000
Contract Months
3, 6, 9, 12
Minimum Fluctuation
USD 0.0001 = USD 10
Trading Hours (HKT)
06:00 – 05:00
(Summer)

07:00 – 06:00
(Winter)
Settlement Method
Physical*
(not provided)
Contract Name
British Pound
Exchange
CME
Code
6B
Contract Size
GBP 62,500
Contract Months
3, 6, 9, 12
Minimum Fluctuation
USD 0.0001 = USD 6.25
Trading Hours (HKT)
06:00 – 05:00
(Summer)

07:00 – 06:00
(Winter)
Settlement Method
Physical*
(not provided)
Contract Name
Canadian Dollar
Exchange
CME
Code
6C
Contract Size
CAD 100,000
Contract Months
3, 6, 9, 12
Minimum Fluctuation
USD 0.00005 = USD 5
Trading Hours (HKT)
06:00 – 05:00
(Summer)

07:00 – 06:00
(Winter)
Settlement Method
Physical*
(not provided)
Contract Name
Euro Fx.
Exchange
CME
Code
6E
Contract Size
EUR 125,000
Contract Months
3, 6, 9, 12
Minimum Fluctuation
USD 0.00005 = USD 6.25
Trading Hours (HKT)
06:00 – 05:00
(Summer)

07:00 – 06:00
(Winter)
Settlement Method
Physical*
(not provided)
Contract Name
Japanese Yen
Exchange
CME
Code
6J
Contract Size
JPY 1,250,000
Contract Months
3, 6, 9, 12
Minimum Fluctuation
USD 0.0000005 = USD 6.25
Trading Hours (HKT)
06:00 – 05:00
(Summer)

07:00 – 06:00
(Winter)
Settlement Method
Physical*
(not provided)
Contract Name
New Zealand Dollar
Exchange
CME
Code
6N
Contract Size
NZD 100,000
Contract Months
3, 6, 9, 12
Minimum Fluctuation
USD 0.0001 = USD 10
Trading Hours (HKT)
06:00 – 05:00
(Summer)

07:00 – 06:00
(Winter)
Settlement Method
Physical*
(not provided)
Contract Name
Swiss Franc
Exchange
CME
Code
6S
Contract Size
CHF 125,000
Contract Months
3, 6, 9, 12
Minimum Fluctuation
USD 0.0001 = USD 12.5
Trading Hours (HKT)
06:00 – 05:00
(Summer)

07:00 – 06:00
(Winter)
Settlement Method
Physical*
(not provided)
Contract Name
Euro/Yen
Exchange
CME
Code
RY
Contract Size
EUR 125,000
Contract Months
3, 6, 9, 12
Minimum Fluctuation
JPY 0.01 = JPY 1250
Trading Hours (HKT)
06:00 – 05:00
(Summer)

07:00 – 06:00
(Winter)
Settlement Method
Physical*
(not provided)
Contract Name
Chinese Renminbi
Exchange
CME
Code
RMB
Contract Size
RMB 1,000,000
Contract Months
13M & 8Q
Minimum Fluctuation
USD 0.00001 = USD 10
Trading Hours (HKT)
06:00 – 05:00
(Summer)

07:00 – 06:00
(Winter)
Settlement Method
Cash
Contract Name
USD/ Offshore CNH
Exchange
CME
Code
CNH
Contract Size
USD 100,000
Contract Months
13M & 8Q
Minimum Fluctuation
RMB 0.0001 = RMB 10
Trading Hours (HKT)
06:00 – 05:00
(Summer)

07:00 – 06:00
(Winter)
Settlement Method
Cash
Contract Name
CNY/USD
Exchange
SGX
Code
CY
Contract Size
RMB 500,000
Contract Months
13M & 8Q
Minimum Fluctuation
USD 0.00001 = USD 5
Trading Hours (HKT)
07:25 – 17:55 ; ◎18:15 – 04:45
(Summer)

07:25 – 17:55 ; ◎18:15 – 04:45
(Winter)
Settlement Method
Cash
Contract Name
USD/ Offshore CNH
Exchange
SGX
Code
UC
Contract Size
USD 100,000
Contract Months
13M & 8Q
Minimum Fluctuation
RMB 0.0001 = RMB 10
Trading Hours (HKT)
07:25 – 17:55 ; ◎18:15 – 04:45
(Summer)

07:25 – 17:55 ; ◎18:15 – 04:45
(Winter)
Settlement Method
Cash
Interest Rates Futures
Contract NameExchangeCodeContract SizeContract MonthsMinimum FluctuationTrading Hours (HKT)Settlement Method
Contract Name
30 YR. US T-Bond
(Coming Soon)
Exchange
CBOT
Code
ZB
Contract Size
USD 100,000
Contract Months
3, 6, 9, 12
Minimum Fluctuation
1/32 = USD 31.25
Trading Hours (HKT)
06:00–05:00
(Summer)

07:00–06:00
(Winter)
Settlement Method
Physical*
(not provided)
Contract Name
10 YR. US T-Note
(Coming Soon)
Exchange
CBOT
Code
ZN
Contract Size
USD 100,000
Contract Months
3, 6, 9, 12
Minimum Fluctuation
0.5/32 = USD 15.625
Trading Hours (HKT)
06:00–05:00
(Summer)

07:00–06:00
(Winter)
Settlement Method
Physical*
(not provided)
Contract Name
5 YR. US T-Note
(Coming Soon)
Exchange
CBOT
Code
ZF
Contract Size
USD 100,000
Contract Months
3, 6, 9, 12
Minimum Fluctuation
0.25/32 = USD 7.8125
Trading Hours (HKT)
06:00–05:00
(Summer)

07:00–06:00
(Winter)
Settlement Method
Physical*
(not provided)
Contract Name
2 YR. US T-Note
(Coming Soon)
Exchange
CBOT
Code
ZT
Contract Size
USD 200,000
Contract Months
3, 6, 9, 12
Minimum Fluctuation
0.25/32 = USD 15.625
Trading Hours (HKT)
06:00–05:00
(Summer)

07:00–06:00
(Winter)
Settlement Method
Physical*
(not provided)
Metal Futures
Contract NameExchangeCodeContract SizeContract MonthsMinimum FluctuationTrading Hours (HKT)Settlement Method
Contract Name
Gold
Exchange
COMEX
Code
GC
Contract Size
100 troy ozs.
Contract Months
2,4,6,8,10,12
Minimum Fluctuation
USD 0.1/ oz. = USD 10
Trading Hours (HKT)
06:00–05:00
(Summer)

07:00–06:00
(Winter)
Settlement Method
Physical*
(not provided)
Contract Name
Silver
Exchange
COMEX
Code
SI
Contract Size
5,000 troy ozs.
Contract Months
1,3,5,7,9,12
Minimum Fluctuation
USD 0.005/ oz. = USD 25
Trading Hours (HKT)
06:00–05:00
(Summer)

07:00–06:00
(Winter)
Settlement Method
Physical*
(not provided)
Contract Name
Copper – High Grade
Exchange
COMEX
Code
HG
Contract Size
25,000 lbs.
Contract Months
3,5,7,9,12
Minimum Fluctuation
0.05 ¢/ lb. = USD 12.5
Trading Hours (HKT)
06:00–05:00
(Summer)

07:00–06:00
(Winter)
Settlement Method
Physical*
(not provided)
Contract Name
Palladium
Exchange
NYMEX
Code
PA
Contract Size
100 troy ozs.
Contract Months
3, 6, 9, 12
Minimum Fluctuation
USD 0.1/ oz. = USD 10
Trading Hours (HKT)
06:00–05:00
(Summer)

07:00–06:00
(Winter)
Settlement Method
Physical*
(not provided)
Contract Name
Platinum
Exchange
NYMEX
Code
PL
Contract Size
50 troy ozs.
Contract Months
1,4,7,10
Minimum Fluctuation
USD 0.1/ oz. = USD 5
Trading Hours (HKT)
06:00–05:00
(Summer)

07:00–06:00
(Winter)
Settlement Method
Physical*
(not provided)
Contract Name
Mini Gold
Exchange
COMEX
Code
QO
Contract Size
50 troy ozs.
Contract Months
2,4,6,8,10,12
Minimum Fluctuation
USD 0.25/ oz. = USD 12.5
Trading Hours (HKT)
06:00–05:00
(Summer)

07:00–06:00
(Winter)
Settlement Method
Cash
Contract Name
Mini Silver
Exchange
COMEX
Code
QI
Contract Size
2,500 troy ozs.
Contract Months
1,3,5,7,9,12
Minimum Fluctuation
USD 0.0125/ oz. = USD 31.25
Trading Hours (HKT)
06:00–05:00
(Summer)

07:00–06:00
(Winter)
Settlement Method
Cash
Contract Name
1000-oz. Silver
Exchange
COMEX
Code
SIL
Contract Size
1,000 troy ozs.
Contract Months
1,3,5,7,9,12
Minimum Fluctuation
USD 0.01/ oz. = USD 10
Trading Hours (HKT)
06:00–05:00
(Summer)

07:00–06:00
(Winter)
Settlement Method
Physical*
(not provided)
Contract Name
Mini Copper
Exchange
COMEX
Code
QC
Contract Size
12,500 lbs.
Contract Months
3,5,7,9,12
Minimum Fluctuation
0.2 ¢/ lb. = USD 25
Trading Hours (HKT)
06:00–05:00
(Summer)

07:00–06:00
(Winter)
Settlement Method
Cash
Agricultural Futures
Contract NameExchangeCodeContract SizeContract MonthsMinimum FluctuationTrading Hours (HKT)Settlement Method
Contract Name
Corn
Exchange
CBOT
Code
ZC
Contract Size
5,000 bushels
Contract Months
3,5,7,9,12
Minimum Fluctuation
0.25 ¢/ bu. = USD 12.5
Trading Hours (HKT)
08:00 - 20:45 ; 21:30 - 02:20
(Summer)

09:00 - 21:45 ; 22:30 - 03:20
(Winter)
Settlement Method
Physical*
(not provided)
Contract Name
Soybeans
Exchange
CBOT
Code
ZS
Contract Size
5,000 bushels
Contract Months
1,3,5,7,8,9,11
Minimum Fluctuation
0.25 ¢/ bu. = USD 12.5
Trading Hours (HKT)
08:00 - 20:45 ; 21:30 - 02:20
(Summer)

09:00 - 21:45 ; 22:30 - 03:20
(Winter)
Settlement Method
Physical*
(not provided)
Contract Name
Soybean Meal
Exchange
CBOT
Code
ZM
Contract Size
100 tons
Contract Months
1,3,5,7,8,9,10,12
Minimum Fluctuation
USD 0.1/ ton = USD 10
Trading Hours (HKT)
08:00 - 20:45 ; 21:30 - 02:20
(Summer)

09:00 - 21:45 ; 22:30 - 03:20
(Winter)
Settlement Method
Physical*
(not provided)
Contract Name
Soybean Oil
Exchange
CBOT
Code
ZL
Contract Size
60,000 lbs.
Contract Months
1,3,5,7,8,9,10,12
Minimum Fluctuation
0.01 ¢/ lb. = USD 6
Trading Hours (HKT)
08:00 - 20:45 ; 21:30 - 02:20
(Summer)

09:00 - 21:45 ; 22:30 - 03:20
(Winter)
Settlement Method
Physical*
(not provided)
Contract Name
Wheat
Exchange
CBOT
Code
ZW
Contract Size
5,000 bushels
Contract Months
3,5,7,9,12
Minimum Fluctuation
0.25 ¢/ bu. = USD 12.5
Trading Hours (HKT)
08:00 - 20:45 ; 21:30 - 02:20
(Summer)

09:00 - 21:45 ; 22:30 - 03:20
(Winter)
Settlement Method
Physical*
(not provided)
Contract Name
Oats
Exchange
CBOT
Code
ZO
Contract Size
5,000 bushels
Contract Months
3,5,7,9,12
Minimum Fluctuation
0.25 ¢/ bu. = USD 12.5
Trading Hours (HKT)
08:00 - 20:45 ; 21:30 - 02:20
(Summer)

09:00 - 21:45 ; 22:30 - 03:20
(Winter)
Settlement Method
Physical*
(not provided)
Contract Name
Rough Rice
Exchange
CBOT
Code
ZR
Contract Size
2,000 cwt
Contract Months
1,3,5,7,9,11
Minimum Fluctuation
0.5 ¢/ cwt = USD 10
Trading Hours (HKT)
08:00 - 20:45 ; 21:30 - 02:20
(Summer)

09:00 - 21:45 ; 22:30 - 03:20
(Winter)
Settlement Method
Physical*
(not provided)
Contract Name
Mini Corn
Exchange
CBOT
Code
XC
Contract Size
1,000 bushels
Contract Months
3,5,7,9,12
Minimum Fluctuation
0.125 ¢/ bu. = USD 1.25
Trading Hours (HKT)
08:00 - 20:45 ; 21:30 - 02:45
(Summer)

09:00 - 21:45 ; 22:30 - 03:45
(Winter)
Settlement Method
Physical*
(not provided)
Contract Name
Mini Soybeans
Exchange
CBOT
Code
XK
Contract Size
1,000 bushels
Contract Months
1,3,5,7,8,9,11
Minimum Fluctuation
0.125 ¢/ bu. = USD 1.25
Trading Hours (HKT)
08:00 - 20:45 ; 21:30 - 02:45
(Summer)

09:00 - 21:45 ; 22:30 - 03:45
(Winter)
Settlement Method
Physical*
(not provided)
Contract Name
Mini Wheat
Exchange
CBOT
Code
XW
Contract Size
1,000 bushels
Contract Months
3,5,7,9,12
Minimum Fluctuation
0.125 ¢/ bu. = USD 1.25
Trading Hours (HKT)
08:00 - 20:45 ; 21:30 - 02:45
(Summer)

09:00 - 21:45 ; 22:30 - 03:45
(Winter)
Settlement Method
Physical*
(not provided)
Contract Name
Live Cattle
Exchange
CME
Code
LE
Contract Size
40,000 lbs.
Contract Months
2,4,6,8,10,12
Minimum Fluctuation
0.025 ¢/ lb. = USD 10
Trading Hours (HKT)
21:30-02:05
(Summer)

22:30-03:05
(Winter)
Settlement Method
Physical*
(not provided)
Contract Name
Feeder Cattle
Exchange
CME
Code
GF
Contract Size
50,000 lbs.
Contract Months
1,3,4,5,8,9,10,11
Minimum Fluctuation
0.025 ¢/ lb. = USD 12.5
Trading Hours (HKT)
21:30-02:05
(Summer)

22:30-03:05
(Winter)
Settlement Method
Cash
Contract Name
Lean Hogs
Exchange
CME
Code
HE
Contract Size
40,000 lbs.
Contract Months
2,4,5,7,8,10,12
Minimum Fluctuation
0.025 ¢/ lb. = USD 10
Trading Hours (HKT)
21:30-02:05
(Summer)

22:30-03:05
(Winter)
Settlement Method
Cash
Contract Name
Lumber
Exchange
CME
Code
LBS
Contract Size
110,000 bd.ft.
Contract Months
1,3,5,7,9,11
Minimum Fluctuation
USD 0.1/ 1000 bd.ft. = USD 11
Trading Hours (HKT)
22:00 - 05:00 ( Mon-Thu ) 22:00-02:55 ( Fri )
(Summer)

23:00 - 06:00 ( Mon-Thu ) 23:00-03:55 ( Fri )
(Winter)
Settlement Method
Physical*
(not provided)
Energy Futures
Contract NameExchangeCodeContract SizeContract MonthsMinimum FluctuationTrading Hours (HKT)Settlement Method
Contract Name
Crude Oil
Exchange
NYMEX
Code
CL
Contract Size
1,000 barrels
Contract Months
Consecutive Months
Minimum Fluctuation
USD 0.01/ ba. = USD 10
Trading Hours (HKT)
06:00 – 05:00
(Summer)

07:00 – 06:00
(Winter)
Settlement Method
Physical*
(not provided)
Contract Name
NY Harbor ULSD
Exchange
NYMEX
Code
HO
Contract Size
42,000 gallons
Contract Months
Consecutive Months
Minimum Fluctuation
USD 0.0001/ gal. = USD 4.2
Trading Hours (HKT)
06:00 – 05:00
(Summer)

07:00 – 06:00
(Winter)
Settlement Method
Physical*
(not provided)
Contract Name
Natural Gas–Henry Hub
Exchange
NYMEX
Code
NG
Contract Size
10,000 mmBtu
Contract Months
Consecutive Months
Minimum Fluctuation
USD 0.001/ mmBtu = USD 10
Trading Hours (HKT)
06:00 – 05:00
(Summer)

07:00 – 06:00
(Winter)
Settlement Method
Physical*
(not provided)
Contract Name
RBOB Gasoline
Exchange
NYMEX
Code
RB
Contract Size
42,000 gallons
Contract Months
Consecutive Months
Minimum Fluctuation
USD 0.0001/ gal. = USD 4.2
Trading Hours (HKT)
06:00 – 05:00
(Summer)

07:00 – 06:00
(Winter)
Settlement Method
Physical*
(not provided)
Contract Name
E-mini Crude Oil
Exchange
NYMEX
Code
QM
Contract Size
500 barrels
Contract Months
Consecutive Months
Minimum Fluctuation
USD 0.025/ ba. = USD 12.5
Trading Hours (HKT)
06:00 – 05:00
(Summer)

07:00 – 06:00
(Winter)
Settlement Method
Cash
Contract Name
E-mini Natural Gas–Henry Hub
Exchange
NYMEX
Code
QG
Contract Size
2,500 mmBtu
Contract Months
Consecutive Months
Minimum Fluctuation
USD 0.005/ mmBtu = USD 12.5
Trading Hours (HKT)
06:00 – 05:00
(Summer)

07:00 – 06:00
(Winter)
Settlement Method
Cash
Note:
◎ T+1 period
* Monex Boom Securities (H.K.) Limited does not provide physical delivery services for commodity futures contracts, please close out or roll over your positions on or before the close out deadline mentioned in the trading calendar in order to avoid the risk of physical delivery.

FAQs


Global Futures

    Order Types
  1. An order to buy a specified product at or below a specified price, or to sell at or above a specified price.
    • Buy Order
      When market price is equal to or more than the stop loss price, your buy order will be sent to market.
    • Sell Order
      When market price is equal to or less than the stop loss price, your sell orders will be sent to market.
  2. To buy or sell a specified product at the best available current price.
  3. Fill or Kill means that the order is to be matched, immediately after submission, at the exact quantity specified in the quantity field or else it will be cancelled automatically by the system at once.
  4. Fill and Kill means that the order is to be matched, immediately after submission, as much as possible, up to quantity specified in the quantity field and the remaining unmatched portion, if any, will be cancelled automatically by the system at once.
  5. Trading
  6. There are several reasons that you fail to place an order:
    • Password has expired. Our system requires clients to change their passwords regularly to ensure security. If password expired, you need to change a new password in the futures trading system.
    • Not enough purchasing power. System will hold required margin amount for all order placing request including stop orders that are not triggered no matter they have been executed or not for credit control. You can cancel some of the not-yet-executed orders request to release hold margin or increase the cash balance in your account.
    • Exceed the trading limit. There is an assigned trading limit for each online futures trading account as the maximum margin for open position. It is for credit control purpose. If your account has enough purchasing power but your order request exceeds the trading limit, it will be rejected. If you would like to adjust your trading limit amount, please contact us by phone or by email.
    • System problem on exchange or broker side. If you encounter any system problems, please contact us for further details.
  7. Once the order is placed, the order details will be displayed on 'order book'. If you want to change the order, please press the 'pencil' pattern on the left hand side of the order record, change the order details and then click 'OK' button to proceed. If you want to cancel the order, please press the 'cross' pattern on the left hand side of the order record and then click 'OK' button to proceed.
  8. As the market may fluctuate quickly, your limit order or stop order may be executed in a short time and not able to be cancelled.
  9. Once the order is executed, the order status shown in order record will be changed from 'Queuing' to "Complete" and the execution price and quantity will be displayed in the order record as well. Besides, we will send the trade confirmation to you by email.
  10. You may contact us to confirm the orders status or cancel the orders.
  11. No. You can place order even if your futures account doesn’t have settlement currency. Any currency conversion will be done for you after your order is executed.
  12. Jan Feb Mar Apr May Jun
    F G H J K M

    Jul Aug Sep Oct Nov Dec
    N Q U V X Z
  13. Funds Management
  14. You need to deposit funds to our designated bank accounts and indicate your futures account number in the deposit notification. For details, please refer to "Funds Management" page of our website.
  15. You can transfer your funds from securities account to your futures account via the funds transfer webpage in securities account during designated hours. For details, please refer to "Funds Management" page of our website.
  16. You need to transfer the funds from futures account to your securities account first and then submit a withdrawal request in your securities account. For details, please refer to "Funds Management" page of our website.
  17. 'Initial Cash Balance' + 'Deposit' – 'Withdrawal' – 'Initial Margin' – 'Realized Loss' – 'Unrealized Loss' – 'Charges'
  18. If there is insufficient settlement currency to meet the margin requirement of open positions or there is a negative balance in foreign currency, we will arrange currencies conversion to cover the deficit currencies.

    When we perform the currencies conversion, MONEX BOOM will follow the "Currencies Conversion Sequence" of your securities account. MONEX BOOM will firstly sell the currencies at the top of the sequence, if exhausted, then move down to the next currency.

    To define the "Currencies Conversion Sequence", please login to your securities account, then go to the "Currencies Conversion Setting" under "Currencies Conversion" of the "Funds & Account" section.

  19. Close out & Settlement Mechanism
  20. The close out position sequence for holding more than one futures contract is as follows:
    • Intraday contract
    • The earliest opened contract
    • The contract opened on previous day
  21. For relative long positions, the close out deadline is either 3 trading days before the First Notice Day or Last Trading Day, whichever is earlier.

    For relative short positions, the close out deadline is 3 trading days before the Last Trading Day.

  22. First Notice Day is the first day, vary by contracts and exchanges, on which notices can be issued by sellers to clearing house and by the clearing house to the buyers indicating that sellers intend to deliver the physical commodities in fulfillment of their futures contracts.
  23. Last Trading Day is the final day under the rules of a futures exchange during which trading may take place in a particular futures contract. Contracts outstanding at the end of last trading day must be settled by delivery of underlying physical commodity, cash or financial instrument, depending futures contract specifications.
  24. No. MONEX BOOM does not provide "Physical delivery" services at the moment. If you do not close out the outstanding position before the close out deadline, MONEX BOOM will perform compulsory close out on the day after close out deadline.

Last Update: April 2019.

Futures Margin Trading Policy


  1. When opening a position in futures contract, an investor is required to pay an initial margin, which is a deposit equivalent to a fraction of the futures contract value, to cover market price fluctuations.

    As such, you need to have sufficient purchasing power in your futures account to meet the initial margin requirement before opening new position(s).

    The purchasing power is the available balance which can be used to open new position(s). It is the equity balance minus the initial margin required for holding your open position(s) (if any).

    If you do not hold any open position, your purchasing power is equivalent to the amount of cash balance or equity balance in the futures account.

    Purchasing Power
    Equity Balance
    Cash Balance
    >=
    Initial Margin
    The amount of deposit required to open a new position in futures contract.

    When you are holding open position(s), your equity balance includes cash balance and unrealized P&L, which is the unrealized profits and losses calculated by marking-to-market open position(s). If your futures account has unrealized profits, your equity balance will be increased and vice versa.

    Purchasing Power
    Equity Balance
    Cash Balance
    +
    Unrealized Profits & Losses
    (For open positions)
    -
    Initial Margin
    (For open positions)
    The amount of deposit paid for the open position(s).
    >=
    Initial Margin
    The amount of deposit required to open a new position in futures contract.

    Examples:

    HSI Closing Open Position(s) Equity Balance
    (HKD)
    Initial Margin
    (HKD)
    Purchasing Power
    (HKD)
    Contract Name Cash Balance
    (HKD)
    Unrealized P&L
    (HKD)
    Day 1
    HSI Closing
    22500
    Open Position(s): Contract Name
    -
    Open Position(s): Cash Balance(HKD)
    $100,000
    Open Position(s): Unrealized P&L(HKD)
    -
    Equity Balance(HKD)
    $100,000
    Initial Margin(HKD)
    -
    Purchasing Power(HKD)
    $100,000
    Day 2
    HSI Closing
    22600
    Open Position(s): Contract Name
    HSI Long @22500
    Open Position(s): Cash Balance(HKD)
    $100,000
    Open Position(s): Unrealized P&L(HKD)
    +$5,000
    Equity Balance(HKD)
    $105,000
    Initial Margin(HKD)
    $74,000
    Purchasing Power(HKD)
    $31,000
    Day 3
    HSI Closing
    22700
    Open Position(s): Contract Name
    HSI Long @22500
    MHI Long @22500
    Open Position(s): Cash Balance(HKD)
    $100,000
    Open Position(s): Unrealized P&L(HKD)
    +$10,000
    +$2,000
    Equity Balance(HKD)
    $112,000
    Initial Margin(HKD)
    $74,000
    $14,800
    Purchasing Power(HKD)
    $23,200

    Day 1:

    You deposited HKD 100,000 into your futures account and did not open any position, your cash balance, equity balance and purchasing power were HKD 100,000.

    Day 2:

    Contract Name Initial Margin
    (HKD)
    Tick Value
    (HKD)
    HSI Hang Seng Index Futures $74,000 $50

    You opened a long position on Hang Seng Index Futures contract at 22500 (HSI Long @22500), which required initial margin of HKD 74,000. After paying the initial margin, your purchasing power became HKD 26,000.

    At the end of the day, HSI rose to 22600. Since HSI moved up 100 ticks from your contract price, you had HKD 5,000 unrealized profits (i.e. $50 x 100 ticks).

    Adding the unrealized profits to the cash balance, your equity balance and purchasing power became HKD 105,000 and HKD 31,000 respectively.

    Day 3:

    Contract Name Initial Margin
    (HKD)
    Tick Value
    (HKD)
    MHI Mini-Hang Seng Index Futures $14,800 $10

    You opened a long position on Mini-Hang Seng Index Futures contract at 22500 (MHI Long @22500), which required initial margin of HKD 14,800. After holding the initial margin for HSI & MHI, your purchasing power became HKD 11,200.

    At the end of the day, HSI rose to 22700. Since HSI moved up 200 ticks from your contracts price, you had HKD 10,000 unrealized profits (i.e. $50 x 200 ticks) from your long HSI contract and HKD 2,000 unrealized profits (i.e. $10 x 200 ticks) from your long MHI contract.

    Adding the unrealized profits of all your open positions to the cash balance, your equity balance and purchasing power became HKD112,000 and HKD 23,200 respectively.

    For initial margin requirement of different contracts, please refer to the Margin Requirements on our website.

  2. Maintenance margin is a minimum amount of equity required for holding the open position(s). It means that the level of your equity balance must be kept at or above the maintenance margin for your open position(s).

    Equity Balance
    Cash Balance
    +
    Unrealized Profits & Losses
    (For open positions)
    >=
    Maintenance Margin (For open positions)
    The amount of equity required for holding the open position(s).

    The maintenance margin is a portion of the initial margin and the amount will be shown in the trading system.

    If the equity balance falls below the maintenance margin, you are required to deposit additional funds or close out the futures contract position (see Point 3 below), otherwise we may force liquidate (see Point 4 below) some or all of the open positions in your futures account without prior notice.

    Important note on Maintenance Margin:

    Futures exchanges and/or our company might revise the amounts and/or impose extra loading on margin(s) from time to time. We strongly advise, when you are holding open position(s), you shall closely observe the latest Margin Requirements as listed on our website as well as the equity balance of your futures account.

  3. In intraday trading, a margin call will be initiated if your equity balance falls below the maintenance margin required for holding the open position(s).

    The margin call will be issued to you by email detailing the amount of margin top-up required, the payment deadline and any other important information associated with the call.

    You are required to meet the margin call requirements (i.e. have additional funds in your futures account no less than the demanded top-up margin payment) prior to the payment deadline as specified in the margin call.

    SPAN margin*:*

    After the market closed of each trading day, SPAN margin requirement will be calculated for the portfolio in your futures account. There could be a situation that even if your account satisfies the margin requirement during the trading day, it could still subject to margin call after the SPAN computation.

    * SPAN margin is a margin requirement calculated by standardized portfolio analysis of risk. It is based on a sophisticated set of algorithms that determine margin according to a total portfolio assessment of the one-day risk.

    To meet the margin call, you can
    • Deposit additional funds: to deposit funds into your futures account, please refer to the "Funds Management" section.
      Important Notes
      • Cheques are not accepted as a form of settlement for margin call.
      • After topping-up for margin, you shall notify us immediately and provide proof of deposit. We will then confirm receipt of such notification with you.
      • From a standpoint of risks, deposits will not be considered as margin top-up until it has been confirmed by bank and credited into your futures account. Please pay attention to and manage the risks involved.
    • Transfer funds from another BOOM account: to transfer funds into your futures account, please refer to the "Funds Management" section.
      Important Notes
      • Services will not be available on Hong Kong public holidays.
    • Reduce exposure: close out some or all of your open position(s), or hedge the positions with spread strategy#.
      # Example:
      If you have a long position on Nov HSI contract, you may short one Dec HSI contract for hedging the risk of the long position.
  4. If you fail to meet the margin call (see Point 3 above) before the deadline specified in the call, or if in any circumstances, your margin level (i.e. the ratio between equity balance and initial margin) falls to or below 50%, we have full rights to force liquidate some or all of the open position(s) in your futures account without prior notice.

    Important note on Force Liquidation:
    • We do not guarantee force liquidation, or the promptness of the liquidation. Force liquidation is a means of mitigation in market condition that is against your position (s) and it does not prevent over-loss from happening in your futures account. If the amount from force liquidation is insufficient to cover the outstanding balance, you will remain liable for the outstanding amount. We have the right to combine your Futures account with any other account(s) maintained with us in order to set off , transfer or apply funds or other assets in such account(s) in satisfaction of your liabilities in Futures account.
    • Notification of any force liquidation will be given to you by email.

Last Update: April 2019.