HK Shares
The underlying stocks for HK shares are traded on HKEX. They can be identified by a .hk at the end of the ticker symbol.
Trading Hours (GMT)
Please click here for trading hours
Please note, however, that hours are subject to change based on Daylight Savings Time. Any holiday hours will be posted on here.
Spread
HK shares have variable spread that will widen and narrow subject to market conditions.
Min/Max Contract Size
Contracts are only available in multiples of 10.
The Minimum number of contracts per click (trade) for HK Shares is 10.
The Maximum number of contracts per click (trade) for HK Shares is 20,000.
Number of Friedberg Direct Contracts to one Share
10 Friedberg Direct HK shares contracts are currently equivalent to 1 share.
Minimum Pip Cost (Value)
HK shares have a minimum value of 0.01 HKD per pip per 10 contracts (your per pip value would 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 location is shown below. Each 0.01 price movement on HK share is 1 pip.
Product Symbol/Ticker
HK shares are identified on the underlying exchange via numerical tickers. In order for the Friedberg Direct CFD symbols to be easily identifiable, it is displayed in some windows of the trading platform and your account statement in an alphabetical format.
For example, HKEX 2359, which is the ticker on the exchange for the company WuXi AppTec, has the Friedberg Direct symbol WUXI.hk.
Click here to see the full list of available HK Share CFD’s, their Friedberg Direct symbols and the numerical ticker of the underlying asset.
Margin Requirements
HK Shares Margin Requirements are updated daily during market close.
The margin requirement will be the equivalent of 30% of the notional value of 1 contract at 5pm EST.
For E.G a stocks rate is 200.00 during the market break, the Margin Requirement for one contract will be updated to 60.00 EUR.
Friedberg Direct Margin Rates are displayed in the dealing rates window on Trading Station and detail the client's capital obligation to buy or sell the minimum contract of a single share.
Overnight Funding/Dividends/Withholdings
HK shares have financing cost (Rollover).
What is the Single Share CFD financing cost?
Dividend adjustments will apply on the eve of the ex-dividend date of the underlying stock. The adjustment will appear on your statement.
Other Information
Friedberg Direct offer Micro Contracts for shares, where the pip cost of your position may be either less than 0.01 CCY or not a multiple of 0.01 CCY.
Please note that all Profit or Loss calculations are calculated and credited/debited to two decimals, and therefore rounding up or down may be required.
Trade Restrictions
Due to market conditions, certain share CFDs may have trading restrictions that are subject to change with no notice. Click here for more information.
Corporate Actions
In the event of any corporate actions such as, but not limited to, stock splits, reverse stock splits, mergers, and spin-offs; Friedberg Direct shall determine in accordance with market practice the appropriate adjustment, if any, to be made to the current contract value or contract quantity of any open positions in order to preserve the economic equivalent of your position or to reflect the effect of the event on the relevant underlying share.
Friedberg Direct aims to open and close markets as close to the posted trading hours as possible, however in the event of certain corporate actions, Friedberg Direct may place trade restrictions, delay market open or bring forward market close. Depending on the type of corporate action, all open positions may potentially be liquidated and/or pending entry orders, stops and limits associated with the instrument may be cancelled. In this case clients would need to re-establish another position if desired and/or insert new stops and limits.
For more information on upcoming corporate actions and treatments visit our FAQ’s at:
