• Open a trading account with us.
• Read through the relevant terms and conditions.
• Complete an IPO application form.
• Deposit sufficient funds to your account before the cut-off time.

Last Update: 2022-01-07

You can obtain IPO information and application forms from our Customer Service Counter or designated banks.

Last Update: 2022-01-07

They can close out their position in one of the following ways:
• Sell the contract at the current premium value;
• Exercise the option contract to deliver or take delivery of the underlying stock;
• Let the option contract expire.

Last Update: 2022-01-07

Unless you cancel your instructions, your orders will remain active until the end of the trading day. If your orders are not filled, they will expire after market close.

Last Update: 2022-01-07

You can place your orders through our 'Stock Options Trader Pro' trading platform or call your Investment Consultant.

Last Update: 2022-01-07

You can call your Investment Consultant to place your orders.

Last Update: 2022-01-07

You can go to the 'Order' tab in the trading platform where you can double click on the order you want to amend or cancel. The order details will pop up, allowing you to amend or cancel the order by clicking on the 'Modify' or 'Delete' button.

(Note : Only orders in 'Queue' or 'Pend' status can be amended or cancelled.)

Last Update: 2022-01-07

By changing the price or increasing the quantity of an order, you will be cancelling the original order. The amended order will be treated as a new order and sent to HKATS to be re-queued. To avoid re-queuing, it is suggested that you increase the quantity by submitting a new order instead of amending the original order.

The order will not be re-queued if you reduce the quantity.

Last Update: 2022-01-07

You can call your Investment Consultant to exercise your orders.

Last Update: 2022-01-07

The buyer has the right to exercise a stock option. For a call option, the buyer has the right to buy a specific amount of the underlying shares at the strike price. For a put option, the buyer has the right to sell a specific amount of the underlying shares at the strike price.

The option seller should prepare the underlying shares for settlement when the call option is being exercised. If a put option is being exercised, the seller should have enough capital for buying the underlying shares from the option buyer.

Please refer to Place & Execute Orders about exercising a stock option in EBSI e-Stock Options trading platform.

Last Update: 2022-01-07

The cut-off time to submit an exercise instruction is 4:20pm of each trading day before the option expiry day.

Last Update: 2022-01-07

Your short position may be assigned after the market closes. Your investment consultant will notify you by phone or email on the next day.

Last Update: 2022-01-07

You must arrange the delivery of the underlying stock in your securities account. If no delivery instruction is received from you before 12:00 noon on the day we inform you of the assignment, EBSI will act on your behalf to buy the underlying stock in the market at the current price for settlement.

Last Update: 2022-01-07

If you do not provide an exercise instruction to us before the expiry day, your open long position will either expire or the Options System will automatically generate an exercise instruction in respect of your open long position, which are in-the-money or above the percentage prescribed by SEOCH from time to time.

Last Update: 2022-01-07

Stock Options Trader Pro Buying Power i.e. Available balance = Cash Balance - Initial Margin NAV i.e. Equity = Deposit +/- P/L Margin Call   I.Margin i.e. Initial Margin M.Margin = I.Margin M.Level   Max Margin   Period   Cash Balance i.e. Account Balance = Deposit +/- Premium Transaction Amount Lockup Amount Credit Limit   Net Opt Value = Current Price x Contract Size Total Premium = Trade price x Contract size Client Status   Ctrl Level   Mgn Class   AE

Example: #1 Cheung Kong 105 Call Option Price: $1.00 Current Price: $0.50 Last Closing: $0.60 Margin $15,000 Deposit $20,000 Selling the option NAV $20,000 + $500 = $20,500 P/L ($1.00- $0.50) x 1000 = $500 I.Margin $15,000 Cash Balance $20,000 + $1000 = $21,000 Buying the option NAV $20,000 - $500 = $19,500 P/L ($0.50- $1.00) x 1000 = -$500 I.Margin 0 Cash Balance $20,000 - $1000 = $19,000

Last Update: 2022-01-07

You can amend an order using any of the three methods:

•  Reduce the quantity

•  Change the price

•  Increase the quantity

The order will not be re-queued if you reduce the quantity only. However, by changing the price or increasing the quantity of an order, you will be cancelling the original order. The amended order will be treated as a new order and sent to HKATS to be re-queued. To avoid re-queuing, it is suggested that you increase the quantity by submitting a new order instead of amending the original order.

Last Update: 2022-01-07

Most settlement methods of HKFE-related products are cash-settled contracts for differences, and the final settlement day is the first business day after the last trading day, which is the day immediately preceding the last business day of the contract month.

Last Update: 2022-01-07

To close out an open position for a futures contract, login to our “Futures Trader Pro” and go to “Position Page”. Click on the contract and “Close-out” button, order details will be filled in automatically (the price will be filled with the best price of the opposite open contract at the moment you click on the button). Verify the order details, and then click on 'Buy' or 'Sell' to confirm the order.

Last Update: 2022-01-07

After you can go to the 'Order Page', another small window will be displayed when right-clicking on the order, which will allow the user to make changes on it. The order details will pop up where you can amend the order by clicking on the 'Change order' button. You can amend the price or quantity of the order.

Last Update: 2022-01-07

You can go to the 'Order Page', another small window will be displayed when right-clicking on the order, which allows the user to cancel on it. The order details will pop up where you can cancel the order by clicking on the 'Delete order' button.

Last Update: 2022-01-07

You can call your investment consultant to place your orders.

Last Update: 2022-01-07

Futures order

Within +/- 8% of the market price

Options order

Hang Seng Index Options: +/- 800 points

H-shares Index Options: +/- 500 points

Note: the actual price deviation varies

Last Update: 2022-01-07

Last Update: 2022-01-07

Most unit trusts in Hong Kong are traded on a daily basis. Investors can buy and sell by placing their instructions with their advisor through the above channels.

Last Update: 2022-01-07

Last Update: 2016-07-08

You should call up your Investment Consultant at EBSI to place orders. For Shanghai B-shares, you should also inform your Investment Consultant if you require EBSI to complete the currency conversion on your behalf for settlement.

Last Update: 2022-01-07

As soon as your account is funded and is cleared, you can start trading.

Last Update: 2022-01-07

Funds in your U.S. trading account will always be converted to USD before trading can begin. We provide currency conversion services and can accept all major currencies. Your trading account must have cleared U.S. funds before a trade can be executed. Ensure the FX conversion checkbox is ticked in your Deposit Instruction Form.

Last Update: 2022-01-07

No.

Last Update: 2022-01-07

You can only trade online.

Last Update: 2022-01-07

Funds in your account need to be converted to USD before trading can begin. We provide U.S. currency conversion services and can accept all major currencies. Your trading account must have cleared U.S. currency conversion services funds before a trade can be placed. If we receive your currency exchange instruction before 11:00am, your HKD will be converted to USD and remitted to your trading account. Funds may be available in your trading account on the same U.S. business day, but will still be subject to the processing time of the corresponding bank. If you submit your instruction after 11:00am, your instruction will be processed by the next working day.

Last Update: 2022-01-07

All U.S. trades settle on T+2 (trade day plus three U.S. working days).

Last Update: 2022-01-07

Our online trading account only allows orders to be placed with sufficient cleared funds in your trading account.

Last Update: 2022-01-07

On our trading website, enter '53W' for the Financial Organisation Number, as well as your login ID and password to access trading.

Click on 'Trading' in the top menu.

Enter the stock symbol, order and transaction type, then click on the 'Review Before Sending' button.

Click 'Send Order' to put your order through.

Once executed, the review message will say 'Sent to Approval'. Please check in your intraday order status to confirm that your order has been executed.
For further help please click on 'Remote Help' on your left on the trading website.

Last Update: 2022-01-07

If you are unable to gain access to your account, please call our Customer Service Hotline on +852 2822 5001 for assistance. Please note that your account will be automatically locked if you have entered an incorrect password three times.

Last Update: 2022-01-07

Amending or cancelling an order can only be done if the order is under 'Open' status, which occurs under the following conditions: Extended hours trading orders , Limit orders and Stop orders . In these cases, you can amend or cancel the order by clicking 'Order Status' under the 'Trading' menu to view such orders, then click on the 'Open' status to make changes accordingly.

Last Update: 2022-01-07

By default, all orders will carry that message once executed, due to the fact that every order must be checked for trading rule violations. In most cases, your order will be sent for execution straight away. You can check the status of the order by clicking on 'Order Status' under the 'Trading' menu, where you can confirm that the order has been executed.

Alternatively, under the 'Portfolio' menu, you can click on 'Executions' to check if your order has been executed.

Last Update: 2022-01-07

Yes, all orders not placed within market hours will be queued for processing as soon as the market opens.

Last Update: 2022-01-07

You can specify whether your order is for the 'Day' or is 'Good Till Cancelled (GTC)' upon order entry. For all unexecuted 'Day' orders, they will expire after that trading session.

Last Update: 2022-01-07

Orders will show a 'Pending' status when preset rules have been violated, and will be reviewed by our Dealing Desk for approval or rejection. Once approved, the order will go into 'Open' status, waiting for execution at the market.  For details, please contact our Customer Service Hotline on +852 2822 5001.

Last Update: 2022-01-07

During regular market hours, you can trade as little as one share per order, and there is no maximum limit in an order. For orders executed during extended-hours trading please refer to the above.

Last Update: 2022-01-07

No.

Last Update: 2022-01-07

Day order - Any order to buy or sell a security that automatically expires if not executed on the day the order is placed.

GTC order - A Good Till Cancelled (GTC) order is an order to buy or sell a security that is good until the investor decides to cancel it. GTC orders automatically expire after 90 days.

Last Update: 2022-01-07

A Stop order is available for securities listed on all exchanges except the following:


• OTC Bulletin Board
• Pinksheets

Last Update: 2022-01-07

The Federal Reserve Board recently published a clarification of Regulation T (Section 220.8) regarding permissible transactions while an account is subject to a 90-day restriction. Similarly, the New York Stock Exchange (NYSE) clarified its interpretation of margin day trading, pursuant to NYSE Rule 431.

Regulation T states that an account that has triggered the 90-day restriction must have sufficient funds in the account to purchase securities. If a client whose account is subject to a 90-day restriction sells a fully paid security, in order to pay for the purchase of another security, the purchase of the security must be cancelled from that client's account. Under the interpretation to Regulation T, the purchase must be cancelled because the proceeds of the sale would not be available to the client until the settlement date. Thus the requirement that funds be in the account must be satisfied on a trade date basis.

When a customer has used unsettled funds (sale proceeds that have not yet settled) to purchase shares in a cash account and subsequently sells those shares prior to the settlement of the initial sale, an account will become restricted if three such occurrences happen within a 12-month period. Therefore customers who would like to perform day trading must ensure they have sufficient cleared funds in the account and avoid stretching their buying budget to funds that have yet to be settled.

To illustrate a scenario that would result in a such a violation because of the use of unsettled funds, refer to the example below:

On Monday, April 11, a client sells 500 shares of ABC stock that were fully paid for in the cash account. On Tuesday, April 12, the same client (and account) purchases 100 shares of XYZ stock and sells the same 100 shares of XYZ stock on Wednesday, April 13. If the account has two more similar occurrences within a 12-month period, the account will be restricted for 90 days to funds-on-hand trading.

Therefore customers who would like to perform day trading must ensure they have sufficient cleared funds in the account and avoid stretching their buying budget to funds that have yet to be settled.

Last Update: 2022-01-07

We can offer such services, but whether the stock can be sold is subject to legal advice and certain restrictions. For details, please contact our Customer Service Hotline on +852 2822 5001.

Last Update: 2022-01-07

You are free to trade in any particular currency amount that suits your trading or hedging needs.

Last Update: 2022-01-07

5,000 of the left hand side of the currency pair. For example, the minimum trade size for GBPUSD is 5,000 GBP.

Last Update: 2022-01-07

From Monday to Friday 17:00 New York Time.

Last Update: 2022-01-07