| Pre-opening session | Morning | Extended morning session | Afternoon | Closing Auction Session | |||||||||||
| session | session | ||||||||||||||
| Order type | 09:00-09:15 | 09:15-09:22 | 09:22-09:30 | 09:30-12:00 | 12:00-12:45 | 12:45-13:00 | 13:00-16:00 | 16:00-16:01 | 16:01-16:06 | 16:06-16:08 | 16:08-16:10 | ||||
| (VCM Monitoring Phase: 09:45 – 12:00) | (VCM Monitoring Phase: 13:15 – 15:40) | ||||||||||||||
| Buy/ | Y | Y | Y– orders will enter the market at 09:30 | Y | Y – orders will enter the market at 13:00 (except iShare) | Y | N | Y | Y | Y | |||||
| Sell | |||||||||||||||
| If you wish to place auction orders during 09:15-09:20, | Price Limit: 5% of Reference Price | Price Limit: Within lowest ask and highest bid | |||||||||||||
| please call (852) 2532 1928 or 400 882 1066 | |||||||||||||||
| Amend | Y | N (for orders that will enter the market at 09:30) | Y (for orders entered market before 9:15, amendments will enter the market at 9:30) | Y | Y (for orders placed before 12:00 and already listed on the market, the amendment will enter the market at 13:00) | Y | |||||||||
| Cancel | Y | N (for orders that will enter the market at 09:30) | Y | N (can only cancel orders that are placed after 12:00 and not yet listed on the market) | Y | N | Y | N | |||||||
Remarks:
1.Y denotes orders accepted (unless otherwise specified)
2.N denotes orders rejected (unless otherwise specified)
3.POS ENHANCEMENTS INITIATIVE implements on 19/10, for more information, please press here.
4.Orders remaining wholly or partially unfilled after market close will be automatically cancelled
5.Orders placed after 16:00 on full-day trading and 12:00 on half-day trading will be sent to the market at 09:00 on the trading day that follows
6.Volatility Control Mechanism (VCM) apply to continuous trading sessions (CTS) excluding the first 15 min of the Morning and Afternoon sessions and the last 15 min of the Afternoon Session. Since a cooling-off period will last for 5 minutes, the monitoring will stop 20 minutes before end of afternoon CTS.