The HSI futures market is based upon the Hang Seng stock index, which is the primary stock index of HKEX (Hong Kong Exchanges and Clearing) in Hong Kong. The Hang Seng index is calculated using prices of the 38 capitalization weighted companies, and the HSI futures market is traded on the HKFE (Hong Kong Futures Exchange) from 9:45 AM to 12:30 AM, and from 2:30 PM to 4:15 PM Hong Kong Time. The HSI futures market has a daily trading volume of approximately 50000 contracts, and a daily price range of approximately 300 points (300 ticks).
Companies
As of March 2007, the Hang Seng stock index includes the following 38 companies :
- HSBC Holdings
- Hang Seng Bank
- Bank of East Asia
- HKEX
- China Construction Bank
- Industrial and Commercial Bank of China
- BOC Hong Kong
- Bank of China
- CLP Holdings
- Hong Kong and China Gas Company
- Hong Kong Electric Holdings
- Cheung Kong
- Henderson Land Development Company
- Sun Hung Kai Properties
- Sino Land Company
- Hang Lung Properties
- Wharf
- Pacific Century CyberWorks
- Hutchison Whampoa
- New World Development Company
- Swire Pacific
- MTR Corporation
- China Merchants Holdings
- CITIC Pacific
- China Resources Enterprise
- Cathay Pacific Airways
- Esprit Holdings
- Sinopec
- Li & Fung
- Yue Yuen Industrial
- China Unicom
- CNOOC
- China Netcom Group
- China Mobile
- Cheung Kong Infrastructure Holdings
- COSCO Pacific
- Foxconn International Holdings
- China Life Insurance Company
Contract Specifications
The full contract specifications for the HSI futures market are as follows :
- Symbol (IB / Sierra Chart Format) : HSI
- Expiration date (as of March 2007) : March 29 2007
- Exchange : HKFE
- Currency : HKD
- Multiplier / Contract value : 50 HKD
- Tick size / Minimum price change : 1
- Tick value / Minimum price value : 50 HKD
Holidays
In 2007, the HSI futures market is open for trading every trading day (Monday to Friday), except for the following holidays :
- January 01
- February 19
- February 20
- April 05
- April 06
- April 09
- May 01
- May 24
- June 19
- July 02
- September 26
- October 01
- October 19
- December 25
- December 26
