The HKG33’s underlying instrument is the Mini-Hang Seng future. This is the benchmark stock market index of Hong Kong. Four sub-indices were established in order to make the index clearer and to classify constituent stocks into four distinct sectors. There are 50 HSI constituent stocks in total. As of June 17, 2013 they are: Hang Seng Finance Sub-index, Hang Seng Utilities Sub-index, Hang Seng Properties Sub-index, Hang Seng Commerce & Industry Sub-index.
Margin Requirement's may differ depending on trader experience and account equity and can be viewed in the dealing rates and create order windows on the trading station or by clicking here.
Please click here for trading hours. Please note, however, that hours are subject to change based on Daylight Savings Time. Also, FXCM’s Index Products do not expire, but FXCM indices will not be open for trading during holidays in which the reference markets are closed.
The HKG33 has a target spread of 10 pips/points.
Max Contract Size
The maximum number of contracts per click (trade) for the HKG33 is 300.
Minimum Pip Cost (Value)
The HKG33 has a minimum value of 1 HKD per point (Your per point value may be different if your account is denominated in a different currency. Please refer to the Simple Dealing Rates Window in Trading Station for this value).
The pip/point location is shown below. Each 1.0 price movement on the HKG33 is 1 pip/point. FXCM’s pricing displays additional decimal places - ideal for scalpers in a fast-moving market.
Number of FXCM Contracts to Equal 1 Future
10 FXCM HKG33 Contracts are currently equivalent to one Mini-Hang Seng Future.
The HKG33 does have financing cost (Rollover). For further information regarding financing costs, click here. Applicable to most cash indices, dividend payments will be applied as debit/credit within the rollover amount for your open positions. Adjustments will apply on the eve of the ex-dividend date of the constituent members of the relevant Index. The adjustment will appear as part of the rollover debit/credit on your statement. For further information regarding dividends click here.
With FXCM’s new Enhanced Execution, there is no minimum stop distance.