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恆指 | 恆指期貨 | 交易直播
恆指 | 恆指期貨 | 交易直播
股指 | 股指期貨 | 交易直播
股指 | 股指期貨 | 交易直播
股指期貨交易綜合人.
股指期貨交易是一門藝術。
股指期貨實戰經驗是最有價值的。
期貨趨勢機率交易系統經過市場驗證穩健獲利。
順日K線趨勢：順勢+輕倉+停損+停盈，允許試單錯誤停損成本，單日最大虧損控制在總資金2%以內。
期貨趨勢機率交易系統的核心不是準確率，穩健交易更多時間是花在如何讓獲利單子的持有方面。
期貨趨勢機率交易系統盈虧比大於1：1.5只要有40%的勝率則100%賺錢。
恆指期貨怎麼做可以獲利？
如何從港交所恆指期貨市場賺錢？
如果您有興趣，可以來看看本頻道交易直播，
恆指期貨、股指期貨交易細節都毫無保留地展示出來，相信這些內容一定對您有啟發，歡迎您追蹤、交流、訂閱和加入本頻道會員。
香港交易所香港市場網站。為您提供交易所新聞，市場數據， 產品資訊，市場運作以及上市資訊。
香港交易及結算所有限公司（簡稱香港交易所或港交所，英文：Hong Kong Exchanges and Clearing Limited，縮寫：HKEX；港交所：0388、港交所：80388（人民幣結算）），為全球主要 交易所之一，為香港上市的控股公司，在香港及英國倫敦均有營運交易所，旗下成員包括香港聯合交易所有限公司（聯交所）、香港期貨交易所有限公司（期交所 ）、香港中央結算有限公司、香港聯合交易所選擇權結算所有限公司及香港期貨結算有限公司，還包括基本金屬市場－英國倫敦金屬交易所、倫敦金屬交易結算所。
Hong_Kong_Exchanges_and_Clearing
Hong Kong Exchanges and Clearing Limited (HKEX; Chinese: 香港交易及結算所有限公司, also 香港交易所 or 港交所 ) operates a range of equity, commodity, fixed income and currency markets through its wholly owned subsidiaries The Stock Exchange of Hong Kong Limited (SEHK), Hong Kong Futures Exchange Limited (HKFE) and London Metal Exchange (LME).
With a total market capitalisation of over US$6 trillion[2] as of 2021, HKEX is the sixth largest stock exchange by market capitalization of listed companies. As of the end of December 2020, there were 2,538 companies[3] listed on HKEX's securities market. HKEX has been the world's top listing venue in terms of IPO funds raised in seven of the past 11 years.[4]
The Group also operates four clearing houses in Hong Kong: Hong Kong Securities Clearing Company Limited (HKSCC), HKFE Clearing Corporation Limited (HKCC), the SEHK Options Clearing House Limited (SEOCH) and OTC Clearing Hong Kong Limited (OTC Clear). HKSCC, HKCC and SEOCH provide integrated clearing, settlement, depository and nominee activities to their participants, while OTC Clear provides OTC interest rate derivatives and non-deliverable forwards clearing and settlement services to its members. HKEX provides market data through its data dissemination entity, HKEX Information Services Limited
The Hong Kong Government is the single largest shareholder in HKEX, and has the right to appoint six of the thirteen directors to the board.
恒生指數期貨
恒生指數期貨
恒生指數期貨及期權
恒生指數期貨及期權
恒生指數是香港股票市場變化的指標，亦是亞洲區廣受注目的指數。同時，它亦廣泛被使用作為衡量基金表現的標準。恒生指數是以加權資本市值法計算。成份股分別屬於工商、金融、地產及公用事業四個分類指數。而某一種股份價格的變動相對恒生指數的影響，乃視乎該家公司的市值而定。市值較高的股份對恒生指數上落波幅的影響較市值較低的股份為大。
恒生指數有限公司網站亦有提供最新恒生指數成份股名單及編制方法：恒生指數
恒生指數期貨
恒生指數期貨
鑑於香港股市日益受到注目，其相關對沖工具的需求亦不斷上升，香港期貨交易所早於一九八六年五月推出恒生指數期貨合約。。
優點
優點
恒生指數期貨及期權合約為投資者提供另一有效工具，以管理投資組合的風險和捕捉指數套戥的機會。本地投資者與國際投資者的積極參與，亦相繼提高恒生指數期貨及期權的受歡迎程度。
經得起考驗及已被受落的市場
經得起考驗及已被受落的市場
不管是經驗豐富還是一般的投資者，可同樣透過買賣恒生指數期貨及期權合約，就指數成份股作出投資。由於本地投資者及國際性投資者均視恒生指數為量度本港股市及投資組合表現的指標，因此投資者一直沿用恒生指數期貨及期權合約作買賣和風險管理。
高成本效益
高成本效益
恒生指數期貨及期權合約能提供成本效益更高的投資機會。投資者買賣恒生指數期貨及期權合約只須繳付按金，而按金只佔合約面值的一部份，令對沖活動更合乎成本效益。
低廉的交易費用
低廉的交易費用
每一張恒生指數期貨及期權合約相等於一籃子高市值的股票，而每次交易只收取一次佣金，所以交易成本比較買入或沽出該組成份股的交易成本為低廉。
結算公司履約保證
結算公司履約保證
正如其他在期交所買賣的期貨及期權合約一樣，恒生指數期貨及期權合約現正由期交所全資擁有的香港期貨結算有限公司(結算公司)登記，結算及提供履約保證。由於結算公司作為所有未平倉合約的對手，因此結算所參與者之間將毋須承受對手風險。這保證不會推及至結算所參與者對其客戶的財務責任。因此投資者須小心及慎重選用經紀進行買賣 。
香港交易所恒指期货合約概要
香港交易所恒指期货合約概要
香港恒指期货合約細明表及保證金要求
相關指數 恒生指數
HKATS代碼 HSI
合約乘數 每指數點港幣$50
最低價格波幅 一個指數點
合約月份
短期期貨: 現月、下三個月及之後三個季月; 及
遠期期貨: 再之後三個6月及12月，另加之後三個12月
開市前時段 上午8時45分至上午9時15分及中午12時30分至下午1時正
交易時間
上午9時15分至中午12時正，下午1時正至下午4時30分及下午5時15分至淩晨3時正
(到期合約月份在最後交易日收市時間為下午4時正)
最後交易日
合約月份的倒數第二個交易日
最後結算價 在最後交易日當天下列時間所報指數點的平均數為依歸，下調至最接近的整數指數點：(i)聯交所持續交易時段開始後的五(5)分鐘起直至持續交易時段完結前的五(5)分鐘止期間每隔五(5)分鐘所報的指數點，與(ii)聯交所收市時。
交易費用及
徵費 交易所費用 港幣10.00
證監會徵費 港幣0.54
佣金 商議
請到香港交易所網站「規則與監管」內的「期交所規則、規例及程序」查閱詳盡的合約細則。
按金表
按金表
交易費用及佣金
交易費用及佣金
有關莊家責任要求及奬勵的詳情，可參閱網頁
恒生指數期權
恒生指數期權
恒生指數期貨及期權
恒生指數期貨及期權
恒生指數是香港股票市場變化的指標，亦是亞洲區廣受注目的指數。同時，它亦廣泛被使用作為衡量基金表現的標準。恒生指數是以加權資本市值法計算。成份股分別屬於工商、金融、地產及公用事業四個分類指數。而某一種股份價格的變動相對恒生指數的影響，乃視乎該家公司的市值而定。市值較高的股份對恒生指數上落波幅的影響較市值較低的股份為大。
恒生指數有限公司網站亦有提供最新恒生指數成份股名單及編制方法：恒生指數
恒生指數期權
恒生指數期權
鑑於香港股市日益受到注目，其相關對沖工具的需求亦不斷上升，香港期貨交易所早於一九八六年五月推出恒生指數期貨合約。。
優點
優點
恒生指數期貨及期權合約為投資者提供另一有效工具，以管理投資組合的風險和捕捉指數套戥的機會。本地投資者與國際投資者的積極參與，亦相繼提高恒生指數期貨及期權的受歡迎程度。
經得起考驗及已被受落的市場
經得起考驗及已被受落的市場
不管是經驗豐富還是一般的投資者，可同樣透過買賣恒生指數期貨及期權合約，就指數成份股作出投資。由於本地投資者及國際性投資者均視恒生指數為量度本港股市及投資組合表現的指標，因此投資者一直沿用恒生指數期貨及期權合約作買賣和風險管理。
高成本效益
高成本效益
恒生指數期貨及期權合約能提供成本效益更高的投資機會。投資者買賣恒生指數期貨及期權合約只須繳付按金，而按金只佔合約面值的一部份，令對沖活動更合乎成本效益。
低廉的交易費用
低廉的交易費用
每一張恒生指數期貨及期權合約相等於一籃子高市值的股票，而每次交易只收取一次佣金，所以交易成本比較買入或沽出該組成份股的交易成本為低廉。
結算公司履約保證
結算公司履約保證
正如其他在期交所買賣的期貨及期權合約一樣，恒生指數期貨及期權合約現正由期交所全資擁有的香港期貨結算有限公司(結算公司)登記，結算及提供履約保證。由於結算公司作為所有未平倉合約的對手，因此結算所參與者之間將毋須承受對手風險。這保證不會推及至結算所參與者對其客戶的財務責任。因此投資者須小心及慎重選用經紀進行買賣 。
香港交易所恒生指數期權合約概要
香港交易所恒生指數期權合約概要
香港恒生指數期權合約概要
相關指數 恒生指數
HKATS代碼 HSI XHS
合約乘數 每指數點港幣$50
最低價格波幅 一個指數點
合約月份
短期期權: 現月、下三個月及之後三個季月; 及
遠期期權: 之後三個6月及12月合約以及再之後三個12月合約 任何曆月但不可超越現有最長可供買賣的期權合約月份
行使方式 歐式
期權金 以完整指數點報價
行使價
指數點 行使價間距
短期期權：
≥ 20,000 200
≥ 5,000至< 20,000 100
< 5,000 50
長期期權：
≥ 20,000 400
≥ 5,000至< 20,000 200
< 5,000 100
交易時間
標準指數期權: 上午9時15分至中午12時正，下午1時正至下午4時30分 及 下午5時15至零晨3時正
(到期合約月份在合約到期日收市時間為下午4時正)
自訂條款指數期權：上午9時15分至中午12時正，下午1時正至下午4時30分
合約於收市前30分鐘內不接納該合約的有關建立要求
(到期合約月份在合約到期日收市時間為下午4時正)
合約到期日
合約月份的倒數第二個交易日
最後結算價 在到期日當天下列時間所報指數點的平均數為依歸，下調至最接近的整數指數點：(i)聯交所持續交易時段開始後的五(5)分鐘起直至持續交易時段完結前的五(5)分鐘止期間每隔五(5)分鐘所報的指數點，與(ii)聯交所收市時。
交易費用及
徵費 交易所費用 港幣10.00
證監會徵費 港幣0.54
佣金 商議
請到香港交易所網站「規則與監管」內的「期交所規則、規例及程序」查閱詳盡的合約細則。
自訂條款指數期權
自訂條款指數期權
自訂條款指數期權的系列建立、交易執行、結算及交收
按金表
按金表
交易費用及佣金
交易費用及佣金
有關莊家責任要求及奬勵的詳情，可參閱網頁
HANG SENG INDEX FUTURES
HANG SENG INDEX FUTURES
Hang Seng Index Futures & Options
Hang Seng Index Futures & Options
Hang Seng Index (HSI), the benchmark of the Hong Kong stock market, is one of the best known indices in Asia and widely used by fund managers as their performance benchmark.
The HSI is a market capitalisation-weighted index (shares outstanding multiplied by stock price) of the constituent stocks. The influence of each stock on the index's performance is directly proportional to its relative market value. Constituent stocks with higher market capitalisation will have greater impact on the index's performance than those with lower market capitalisation. The constituent stocks are grouped under Commerce and Industry, Finance, Properties and Utilities sub-indices.
The latest list of constituent stocks and compilation methodology are available on the website of Hang Seng Indexes Company Limited at http://www.hsi.com.hk
Hang Seng Index Futures
Hang Seng Index Futures
To meet the growing interests in the Hong Kong stock market and rising demand for related hedging tools, the Hong Kong Futures Exchange (HKFE) first introduced HSI futures contracts in May 1986.
Advantages
Advantages
The HSI futures and options provide investors with a set of effective instruments to manage portfolio risk and to capture index arbitrage opportunities. The popularity of Hang Seng Index futures and options has developed gradually with increasing domestic and international investors' participation.
Proven Markets
Proven Markets
HSI futures and options allow experienced and novice investors alike to participate in the performance of constituent stocks in the index. As both local and international investors regard Hang Seng Index as a time-tested benchmark for the Hong Kong equity market and yardstick of portfolio performance, these contracts are consistently used by different investors for trading and risk management purposes.
Cost Effective
Cost Effective
HSI futures and options facilitate hedging activities in a cost-effective way as these contracts are traded on a margin basis. The margin to carry an open position is only a fraction of the contracted value.
Low Transaction Costs
Low Transaction Costs
As the total value of high-capitalisation stocks represented in each HSI futures and options contract is substantial and only one commission is charged to establish or liquidate a contract, transaction costs are low when compared to purchasing or selling the constituent stocks.
Clearing House Guarantee
Clearing House Guarantee
HSI futures and options are registered, cleared and guaranteed by the HKFE Clearing Corporation (HKCC), a wholly-owned subsidiary of the HKFE. The HKCC acts as the counter-party to all open contracts, which effectively eliminates counter-party risks between its HKCC Participants. The HKCC guarantee does not cover an HKCC Participant's obligations to its clients. Investors should exercise due care and diligence when deciding through whom they will conduct business..
HANG SENG INDEX OPTIONS
HANG SENG INDEX OPTIONS
Hang Seng Index Futures & Options
Hang Seng Index Futures & Options
Hang Seng Index (HSI), the benchmark of the Hong Kong stock market, is one of the best known indices in Asia and widely used by fund managers as their performance benchmark.
The HSI is a market capitalisation-weighted index (shares outstanding multiplied by stock price) of the constituent stocks. The influence of each stock on the index's performance is directly proportional to its relative market value. Constituent stocks with higher market capitalisation will have greater impact on the index's performance than those with lower market capitalisation. The constituent stocks are grouped under Commerce and Industry, Finance, Properties and Utilities sub-indices.
The latest list of constituent stocks and compilation methodology are available on the website of Hang Seng Indexes Company Limited at http://www.hsi.com.hk
HANG SENG INDEX OPTIONS
HANG SENG INDEX OPTIONS
To meet the growing interests in the Hong Kong stock market and rising demand for related hedging tools, the Hong Kong Futures Exchange (HKFE) first introduced HSI futures contracts in May 1986.
Advantages
Advantages
The HSI futures and options provide investors with a set of effective instruments to manage portfolio risk and to capture index arbitrage opportunities. The popularity of Hang Seng Index futures and options has developed gradually with increasing domestic and international investors' participation.
Proven Markets
Proven Markets
HSI futures and options allow experienced and novice investors alike to participate in the performance of constituent stocks in the index. As both local and international investors regard Hang Seng Index as a time-tested benchmark for the Hong Kong equity market and yardstick of portfolio performance, these contracts are consistently used by different investors for trading and risk management purposes.
Cost Effective
Cost Effective
HSI futures and options facilitate hedging activities in a cost-effective way as these contracts are traded on a margin basis. The margin to carry an open position is only a fraction of the contracted value.
Low Transaction Costs
Low Transaction Costs
As the total value of high-capitalisation stocks represented in each HSI futures and options contract is substantial and only one commission is charged to establish or liquidate a contract, transaction costs are low when compared to purchasing or selling the constituent stocks.
Clearing House Guarantee
Clearing House Guarantee
HSI futures and options are registered, cleared and guaranteed by the HKFE Clearing Corporation (HKCC), a wholly-owned subsidiary of the HKFE. The HKCC acts as the counter-party to all open contracts, which effectively eliminates counter-party risks between its HKCC Participants. The HKCC guarantee does not cover an HKCC Participant's obligations to its clients. Investors should exercise due care and diligence when deciding through whom they will conduct business..
CONTRACT SUMMARY
CONTRACT SUMMARY
Underlying Index Hang Seng Index
HKATS Code HSI XHS
Contract Multiplier HK$50 per index point
Minimum Fluctuation One index point
Contract Months Short-dated Options:- Spot, next three calendar months & next three calendar quarter months and
Long-dated Options:- the next 3 months of June & December and the following 3 December months Any calendar month not further out than the longest term of expiry months that are available for trading
Exercise Style European Style
Option Premium Quoted in whole index points
Strike Price
Index Points Strike Interval
Short-dated Options:
≥ 20,000 200
≥ 5,000 and < 20,000 100
< 5,000 50
Long-dated Options:
≥ 20,000 400
≥ 5,000 and < 20,000 200
< 5,000 100
Trading Hours
For standard Index Options: 9:15 am - 12:00 noon, 1:00 pm - 4:30 pm & 5:15 pm -3:00 am
(Expiring contract month closes at 4:00 pm on the Expiry Day)
For Flexible Index Options: 9:15 am - 12:00 noon & 1:00 pm - 4:30 pm
No request of series creation is acceptable within the last 30 minutes before market close
(Expiring contract month closes at 4:00 pm on the Expiry Day)
Expiry Day The second last Trading Day of the Contract Month
Official Settlement Price The average of quotations of Hang Seng Index taken at (i) five (5) minute intervals from five (5) minutes after the start of, and up to five (5) minutes before the end of, the Continuous Trading Session of SEHK; and (ii) the close of trading on SEHK on the Expiry Day
Transaction Costs Exchange Fee HK$10.00
Commission Levy HK$0.54
Commission Rate Negotiable
Please visit “Rules, Regulations and Procedures of the Futures Exchange” of “Trading Rules” under “Rules and Regulations” of the HKEx website for full contract specifications.
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