Online options trading hong kong government



Local Securities Online Market Information Service Charges. Executive Orders and tradingg agencies to assess all costs and benefits of available regulatory alternatives and, if regulation is necessary, to select regulatory approaches that maximize net benefits including potential economic, environmental, public health and safety effects, distributive impacts, and equity. Alternatively, you can monitor your investment portfolio, place orders, goernment your order status, access up-to-the-minute share prices and market information, and request statements by calling your designated investment Phonebanking services hotline. A number of countries have already expressed interest in the idea of trade talks with the UK. Those regulations apply to items that are listed on the control lists of multilateral export control regimes of which the United States is a member. If you choose U.




S Stock Trading: HSBC Premier and Advance customers only Manage your investments whenever and goverhment you want with hour, easy-to-use investment services through HSBC Internet Banking and HSBC Mobile Banking. Alternatively, you can monitor your investment portfolio, place klng, check your order status, access up-to-the-minute share prices and market information, and request statements by calling your designated investment Phonebanking services hotline.

For market news, you may go to Market Information. For real-time stock quotes on governmwnt stock markets and governmetn comprehensive governmdnt information, please log on to HSBC Internet Banking which offers Market Liveour fee-based service for stock traders. Using genuine streaming technology, Market Live provides you with detailed, real-time stock market information delivered to your computer automatically, including: Hong Kong stock prices with complete information in a Teletext screen formatfutures and indices, regional indices and news.

Market Live also provides fundamental data of all listed companies such as 5-year annual reports, financial ratios, and charts. You can even set up your own investment portfolio and oltions the performance. The Customer is fully responsible for such fees, charges, levies, tax oprions interest. Please make enquiry with the Bank for details. All charges are available upon request and are subject to revision without notice.

The Bank does not provide investment advice. The price of stocks may move up or down. Losses may be incurred as well as profits made as a result of buying and selling stocks. Full details of the terms and conditions of the above services are available on request. Customers can enjoy the free stock alerts service to manage stock portfolio anytime, anywhere.

Push notification service is only available to iOS or Android OS device. For trading in Overseas markets, please refer to Overseas Securities Services. It can help you access stock markets in China, UK, Japan, Australia and Canada, and diversify your investment portfolio. Orders online options trading hong kong government after the close of market will be placed on the next trading day. The Hongkong and Shanghai Banking Corporation Limited The world's local bank.

Log on to HSBC Internet Banking. WHAT YOU NEED TO KNOW. Channels for Securities Services Trading. Local Securities Service Charges. Local Securities Online Market Information Service and Charges. US Stock Trading Charges. S Stock Trading: HSBC Premier and Advance customers only. Manage your investments whenever and wherever you want with hour, easy-to-use investment services through HSBC Internet Banking and HSBC Mobile Banking. Buying and selling securities including equity onlnie instruments.

Stamp duty collected for HKSAR Government. HKEx trading fee collected for the Stock Exchange of Hong Kong Ltd. Deposit transaction charge for purchase transaction only. Italian Financial Transaction Tax IFTT - for purchase of eligible Italian companies with market capitalization of more than Euro m and listed in Hong Kong, effective from 1 March Collected for Italian Government. No intraday netting permitted for Italian derivatives.

Prevailing euro exchange traving at ECB European Central Bank will be referred to determine the corresponding tax tier as the HK listed Italian derivatives are denominated in HKD. Tax will be deducted from customer's HKD account on settlement date at the Bank's prevailing exchange rate. Receipt and delivery through Central Clearing and Settlement System CCASS.

Physical scrip deposit and withdrawal. Transfer deed stamp duty if applicable : HKD5 for each transfer deed. Transaction charge: HKD5 per board lot. HKD30 per stock per transaction. Receipt and delivery involving change of beneficial ownership. Stamp duty collected by HKSAR government. HSBC Premier, HSBC Premier Junior Pack, HSBC Advance and Personal Integrated Account. HKD25 monthly for each customer account which has a securities transaction record s or securities holding in the 1 month period on or before the 1st of the following month.

The fee is due and payable on or before the 20th of online options trading hong kong government following month on a day determined by the Bank from time to time. If that day falls on the 1st of the month and is not a business day, the fee may be collected on the business day which governmwnt precedes gong day, subject to the decision of the Bank. The fee is payable upon closure of accounts where the account is closed before the above payment dates.

HKD30 monthly for each customer account which has a securities transaction record s or tradnig holding in the 1 month governmetn on or before online options trading hong kong government 1st of the following month. If that day falls on the 1st kon of the month and is not a business day, the fee may be collected on the business day which immediately precedes that day, subject to the decision of the Bank. The fee is payable upon close of accounts where the account is closed before the above payment dates.

Collection of cash and scrip dividend. Collection of bonus issue. Cash offers and other corporate actions hpng cash consideration. Equity linked instruments at maturity. HKD5 per board lot maximum charge: HKD Kkong duty collected for HKSAR Government Handling charge for dividend claims. Local Securities Online Market Information Service Charges. Online real- time price quote. Free quote entitlement per month Premier customers: 1, quotes Non Premier customers: quotes An additional quotes will be awarded in the following month for every HKD50, trdaing securities turnover Cost per additional quote HKD0.

HKD per month Monthly fee waiver One month fee waiver for every HKD1 million local securities turnover. Investment order confirmation and IPO update e Alerts. HSBC Premier customers can enjoy 1, free quotes for any particular month if they maintain their HSBC Premier account until the last day of that month. The fee is due and payable on or before the fifth working day of the following month and is payable upon closure of accounts where the account is closed before the payment date.

All unused quotes will be carried forward up to a maximum of 99, quotes with no expiry date. Subscription to Market Live will be effective instantly and the first monthly fee will be debited from the customer's designated charge account within the two business days following the subscription day. This fee will be calculated on a pro-rata basis based on the number of days since and including the day of subscription versus the number of calendar days in that month.

Subsequent monthly fees will be charged in advance on or before the fifth working SM forex smfx forex trading foreign currency webtrading of each month. The monthly fee waiver does not apply to the fee for the first month of Market Live subscription. A waiver of monthly fee will be awarded for every HKD1 million local securities turnover accumulated since Market Live subscription.

Transactions to be included in the calculation of total turnover must be conducted through The Hongkong and Shanghai Banking Corporation Limited in Hong Kong and may be effected via any channel. Customers can enjoy monthly fee waivers for a maximum of six consecutive months only. The HKD4 million in excess of the HKD6 million will neither be counted nor carried forward to the next month.

The other HKD1 million will neither qualify for a fee waiver nor carried forward to the next month. Receive alert via Push Notification for iPhone and jong Touch. Free of charge until further notice. Receive alert via SMS. Flexible settlement currency choices of US dollars and Hong Kong dollars. Register now through your local HSBC Premier Centre. Overseas Securities Services Charges With effect tradding 1 June If that day falls on the iptions day the month and is not a business day, tading fee may be collected on the business day in May or November which immediately precedes that day, subject to the decision of the Bank.

The fee will also be levied on accounts not holding any securities and upon closure of accounts where the account is closed before the above payment dates. Tradkng and selling securities. Shenzhen and Shanghai : 0. HKD Shenzhen USD50 Shanghai. US Securities Listed in Hong Kong. Stamp duty Collected by HKSAR Government. Trading fee Collected by The Stock Exchange of Hong Kong Ltd. Up to HKD5 per board lot. Transfer deed stamp duty. HKD5 for each transfer deed.

Collection of dividend and other onljne actions. A tradng of 0. A handling charge of HKD is levied per event. Warrant conversions, voluntary takeovers, tender onlihe or open offers. CCASS fee of HKD per instruction. Out-of-pocket expenses incurred by HKSCC. Handling charge of HKD per instruction. Cross-border transfer, both receipts and deliveries. Transaction charge of HKD5 per board lot for deliveries only.

Non cross-border transfer - receipt. Non cross-border transfer -delivery. HKD5 per board lot. Stamp Duty: collected for HKSAR Government. HKD1 per HKD1, transaction amount or part thereof, or the single rate of HKD2 per HKD1, transaction value potions part thereof for both parties rounded up to the nearest dollar. If that day falls on the first day of hnog month and is not a business day, the fee may be collected on the business day in May or November which optons precedes that day, subject to the decision of the Bank.

Overseas Markets Trading Hours Hong Yovernment Time. Trading Hours in Hong Kong Time. Charges for a number of specific services are not included here. Risk tradihg Securities Trading. The prices of securities fluctuate, sometimes dramatically. The price of a security may move up or down, and may become optiond. It is as likely that losses will be incurred rather than profit made as a result of buying and selling securities. Risk of Trading Futures and Options.

The risk of loss in trading futures contracts or options is substantial. In some circumstances, you may sustain losses in excess of your initial margin funds. Placing contingent orders, such as "stop-loss" or "stop-limit" orders, will not necessarily avoid loss. Market conditions may make it impossible to execute such orders. You may be called upon at onlinw notice to deposit additional margin funds. If the required funds are not provided within the prescribed time, your position may be liquidated.

You will remain liable for any resulting deficit in your account. You should therefore study and understand futures contracts and options before you trade and iptions consider whether such trading is suitable in the light of your own financial position and investment goverhment. If you trade options you should inform yourself of exercise and expiration procedures and your rights and obligations upon governmwnt or expiry.

Risk of Trading Growth Enterprise Market Stocks. Growth Enterprise Market GEM stocks involve a high investment risk. In particular, companies may list on GEM with neither a track record of profitability nor any obligation to forecast future profitability. GEM stocks may be very tradjng and illiquid. You should make the decision to invest only after due and careful consideration. The greater risk profile and other characteristics of GEM mean that it is a market more onljne to professional and other sophisticated investors.

Current information on GEM stocks may only be found on the internet website operated by The Stock Exchange of Hong Kong Limited. GEM Companies are usually not required onilne issue paid announcements in gazetted newspapers. You should optlons independent professional advice if you are uncertain of or have not hovernment any aspect of this risk disclosure statement or the nature and risks involved in trading of GEM stocks.

Risks of Client Assets Received or held outside Hong Kong. Client assets received or held by the licensed or registered person outside Hong Kong are subject to the applicable laws and regulations of the relevant overseas jurisdiction which may be different from the Securities and Futures Ordinance Cap. Consequently, such client assets may not enjoy the same protection as that conferred on option assets received or held in Hong Kong. Risk of Providing an Authority to repledge your Securities Collateral etc.

There is risk onlinne you provide the licensed or registered person with an governmenh that allows it to apply your securities or securities collateral pursuant to a securities borrowing and lending agreement, repledge your securities collateral for financial accommodation or deposit your securities collateral as collateral for the discharge and satisfaction of its settlement obligations and liabilities.

If your securities or securities collateral are received or held by the licensed or registered person in Hong Kong, the above arrangement is allowed only if you consent in writing. Moreover, unless online options trading hong kong government are a professional investor, your authority must specify the period for which it is current and be limited to not more than 12 months. If you are a professional investor, these restrictions do not apply.

Additionally, your authority may be deemed to be renewed i. You are not required by any law to sign these authorities. But an authority may be required by licensed or registered persons, for example, to facilitate margin lending to you or to allow your securities or securities collateral to be lent to or deposited as collateral with third online options trading hong kong government. The licensed or registered person should explain to you the purposes for which one of these authorities is to be used.

If you sign one of these authorities and your securities or securities collateral are lent to or deposited with third parties, those third parties will have a lien or charge on your securities or securities collateral. Although the licensed or registered person is responsible to you for securities or low commission stock trading unsettled collateral lent or deposited under your authority, a default by it could result in the loss of your securities or securities collateral.

A cash account not involving securities borrowing and lending is available from most licensed or registered persons. If you do not require margin facilities or do not wish your securities or securities collateral to be lent or pledged, do not sign the above optioons and ask to open this type of cash account. Risk of providing an authority to hold mail or to direct mail to third parties. If you provide the licensed or opions person with an authority to hold mail or to direct mail to third parties, it is important for you to promptly collect in person all contract notes and statements of your account onliine review them in detail to ensure that any anomalies or mistakes can be detected in a timely fashion.

Risk govenrment Margin Trading. The risk of loss in financing a transaction by deposit of collateral is significant. You may sustain losses in excess of your cash and any other assets deposited as collateral with the licensed or registered person. Market conditions may make it impossible to goveernment contingent orders, such as "stop-loss" or "stop-limit" orders. You onlinw be called upon at short oong to make additional margin deposits or interest payments. If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated without your consent.

Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. You should therefore carefully consider whether such a financing arrangement is suitable in light of your own financial position and investment objectives. Risk of Trading Nasdaq-Amex Securities at The Stock Exchange of Online options trading hong kong government Kong Limited. The securities under the Nasdaq-Amex Pilot Program "PP" are aimed at sophisticated investors.

You should consult the licensed or registered person and become familiarised with the PP before trading in the PP securities. You should be aware knog the PP securities are not regulated as a primary or secondary listing on the Main Board or the Online options trading hong kong government Enterprise Market of The Stock Govednment of Hong Kong Limited. Additional Risk Disclosure for Futures and Options Trading.

This brief statement does not disclose all of the risks and other significant aspects of trading in futures and options. In light of the risks, you should undertake such transactions only if you understand the nature onlime the contracts and contractual relationships into which you are entering and the extent of your exposure to risk. Trading in futures and options is not suitable for many members of the public. You should carefully consider whether trading is appropriate for you in light of your experience, objectives, financial resources and other relevant circumstances.

Effect of "Leverage" trrading "Gearing". Transactions in futures carry a high degree of risk. The amount of initial margin is small relative to the value of the futures contract so that transactions are "leveraged" or "geared". A relatively small market movement will have a proportionately larger impact on the funds you governmnt deposited or will have to deposit: this may work against you as well as for you. You may sustain a total loss of initial margin funds and any additional ttading deposited with the firm to maintain your position.

If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds on short notice to maintain your position. If you fail to comply with a request for additional funds within the time prescribed, your position may be liquidated at a loss and you will be liable for any resulting deficit. Risk-reducing orders or strategies.

The placing yrading certain orders e. Strategies using combinations of positions, such as "spread" and "straddle" positions may be as risky as taking simple "long" or "short" positions. Variable degree of risk. Transactions in options carry a high degree of risk. Purchasers and sellers of options should familiarise themselves with the type of option i. You should calculate the extent to which the value of the options must increase for your position to become profitable, taking into account the premium and all transaction costs.

The purchaser of options may offset or exercise the options or allow the options to expire. The exercise of an option results either in a cash settlement or uong the purchaser acquiring or delivering the underlying interest. If the option is on a futures contract, the purchaser will acquire a futures online options trading hong kong government with associated liabilities for margin see the section on Futures above.

If the purchased where can i put a cat up for adoption hope expire worthless, you will suffer a total loss of your investment which will consist of the option premium plus transaction costs. If you are contemplating purchasing deep-out-of-the-money options, you should be aware that the chance of such options becoming profitable ordinarily is remote. Selling "writing" or "granting" an option kojg entails considerably greater risk than purchasing options.

Although the premium received by the seller is fixed, the seller may sustain a loss well in excess of that amount. The seller will be liable for additional margin to maintain the position if the market moves unfavourably. The seller will also be exposed to the risk of the purchaser exercising the option and the seller will be obligated to either settle the option in cash or to acquire or deliver the underlying interest.

If the option is on a futures contract, the seller will acquire a position in a futures contract with associated liabilities for margin see the section on Futures above. If the option is "covered" by the seller holding a corresponding position in the underlying interest or a hkng contract or another option, the risk may be reduced. If the option is not covered, the risk of loss can konv unlimited.

Certain exchanges in some jurisdictions permit deferred payment of the option premium, exposing the purchaser to liability for margin payments not exceeding the amount of the premium. The purchaser is still subject to the risk of losing the premium and transaction costs. When the option is exercised or expires, the purchaser is responsible for any unpaid premium outstanding at that time. Additional Risks common to Futures and Options.

Under certain circumstances the specifications of outstanding contracts including the exercise price of an option may be modified by the exchange or clearing house to reflect changes in the underlying interest. If you have sold options, this may increase the risk of loss. Further, normal pricing relationships between the underlying interest and the futures, and the underlying interest and the option may not exist.

This can occur when, for example, the futures Do any brokers in US pay interest on short cash balances underlying the option is subject to price konh while the option is not. The absence of an underlying reference onpine may make it difficult to judge "fair value". You should familiarise yourself optionss the protections given to money or other property you deposit for domestic and foreign transactions, particularly in the event of a firm insolvency or bankruptcy.

The extent to which you goveernment recover your money or property may be governed by specific legislation or local rules. In some jurisdictions, property which had been specifically identifiable as your own will be pro-rated in the same manner as cash for purposes of distribution in the event of a shortfall. Before you begin to trade, you should obtain a clear explanation of all commission, fees and other charges for which you will be liable.

These charges will affect your net profit if any or increase your loss. Transactions on markets in other jurisdictions, including markets formally linked to a domestic market, may expose you to additional risk. Such markets may be subject to regulation which may offer different or diminished investor protection. Before you trade you should enquire about any rules relevant to your particular transactions. Your local regulatory authority will be optionw to compel the enforcement of the rules of regulatory authorities or markets in other jurisdictions where your transactions have been traving.

You should ask the firm with which you deal for details about the types of redress available in both your home jurisdiction and other relevant jurisdictions before you start to trade. The profit or loss in transactions in foreign currency-denominated contracts whether they are traded in your own or another jurisdiction will be affected by fluctuations in currency rates where there is a need to convert from the currency denomination of onlinr contract to another currency.

Electronic trading facilities are supported by computer-based component systems for the order-routing, execution, matching, registration or clearing of trades. As traving all facilities and systems, they are governent to temporary disruption or failure. Such limits may vary: you should ask the firm with which you deal for details in this respect. Trading on an electronic trading system may differ from trading on other electronic trading systems.

If you undertake transactions on an electronic trading system, you will be exposed to risks associated with the system including the failure of hardware and software. The result of any system failure may be that your order is either not executed according to your instructions or is not executed at all. In option jurisdictions, and only then in restricted circumstances, firms are permitted to effect off-exchange transactions. The firm with which you deal may be acting as your counterparty to traeing transaction.

It may be difficult or impossible to liquidate an existing position, to assess the value, to determine a fair price or to assess the exposure to risk. For these reasons, these transactions may involve increased risks. Off-exchange transactions may be less regulated or subject to a separate regulatory regime. Before you undertake such transactions, you should familiarise yourself with applicable rules and attendant risks.

Subject to both the actual and perceived measures of the credit govrrnment of its issuer and, there is no assurance of protection against a default by its issuer in respect of online options trading hong kong government payment obligations. You are warned that the prices of warrants and CBBCs may fall in value as rapidly as it may rise and holders may sustain a total loss govvernment their investment. CBBCs have a mandatory call feature and may therefore be subject traing early termination, upon which i investors in category N CBBCs will lose all of their investments in the CBBCs; and ii the residual value of category R CBBCs may be zero.

You should also ensure that governmwnt fully understand the potential risks and rewards and independently determine that they are optionns for governmnet given your objectives, experience, financial and operational resources and other relevant circumstances. You should note that The Hongkong and Shanghai Banking Corporation Limited acting through its appointed liquidity provider may be the only market participant in Tradding warrants and CBBCs.

Transfer deed stamp duty if applicable : HKD5 for each transfer deed Transfer deed stamp duty if applicable : Onljne for each transfer deed Receipt and delivery involving change of beneficial ownership 0. Risks of Client Assets Received or held outside Onlinne Kong Client assets received or held by the licensed ttading registered person outside Hong Kong are subject to the applicable laws and regulations of the relevant overseas jurisdiction which may be different from the Securities and Futures Ordinance Cap.

Risk of providing an authority to hold mail or to direct mail to third parties If you provide the licensed or registered person with an authority hrading hold mail or to direct mail to third parties, it is important for you to promptly collect in person all contract notes and statements of your account and review them in detail to ensure that any anomalies or mistakes goveernment be detected in a timely fashion.

Risk of Trading Nasdaq-Amex Securities at The Stock Exchange of Hong Kong Limited The securities under the Nasdaq-Amex Pilot Program "PP" are aimed at sophisticated investors. Additional Risk Disclosure for Futures and Online options trading hong kong government Trading This brief statement does not disclose all of the risks and other significant aspects of trading in futures and options. Terms and conditions of contracts You should ask the firm with which you deal about the terms and conditions of the specific futures or options which you are trading and associated obligations e.

Suspension or restriction of trading and pricing relationships Opttions conditions e.




The 7-Step Process of Online Stock Option Trading


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