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Hong Kong and Global Futures

There is a great variety of Global futures products. Glory Sun Securities has selected the following popular client tradeable products at an especially low commission fee of USD$8/each across the board:

Energy and Precious Metals

• NY Crude Oil
• Mini Crude Oil
• NY Gold Futures
• NY Mini Gold
• NY Silver Futures
• NY Mini Silver
• NY Copper
• NY Platinum

Index

• Mini Dow Jones Industrial Average
• e-Mini S&P 500 Index Futures
• E-mini NASDAQ 100 Futures
• SGX Nikkei 225 Index
• SGX FTSE China A50 Index Futures
• MSCI Taiwan Stock Index

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Foreign Exchange Currency Futures

• Australian Dollar
• British Pound
• Canadian Dollar
• Euro
• Japanese Yen
• New Zealand Dollar

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Agricultural Futures

• Corn
• Soybean Oil
• Soybean Meal
• Oat
• Soybean
• Wheat

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Interest Rate Futures

• U.S. Treasury Bonds
• 10-Year U.S. Treasury Bond

Commodity Contract Value Minimum Price Fluctuation Minimum Value Fluctuation (USD) Commodity Code Hong Kong Transaction Time – Summer Time (Extended by 1 Hour in Winter Time) Last Transaction Day (Hong Kong Time)
Precious Metals
NY Gold Futures 100 Ounces 0.1 10 GC 06:00 – 05:15 Transaction terminates 3 business days before the last day of transaction in the delivery month.
NY Mini Gold 50 Ounces 0.25 12.5 QO 06:00 – 05:15
NY Silver Futures 5,000 Ounces 0.005 25 SI 06:00 – 05:15
NY Mini Silver 2,500 Ounces 0.0125 31.25 QI 06:00 – 05:15
NY Crude Copper 25,000 pounds 0.0005 12.5 HG 06:00 – 05:15
NY Platinum 50 Ounces 0.1 5 PL 06:00 – 05:15
Energy
NY Crude Oil 1,000 Barrels 0.01 10 CL 06:00 – 05:15 * Last transaction day
Mini Crude Oil 500 Barrels 0.025 12.5 QM 06:00 – 05:15 Terminates on the last business day before the last NY crude oil day of transaction.
Index
Mini DJIA USD5 x Index 1 5 YM Monday 06:00 – the next day 04:15
Tuesday to Friday 04:30 – 05:15,
06:00 – the next day 04:15
Trading terminates on the 3rd business day before the last day of transaction in the delivery month.
Mini S&P 500 Index USD50 x Index 0.25 12.5 ES Monday 06:00 – the next day 04:15
Tuesday to Friday 06:00 – the next day 04:15,
04:30 – 05:30
Mini Nasdaq Index USD20 x Index 0.25 5 NQ Monday 06:00 – the next day 04:15
Tuesday to Friday 06:00 – the next day 04:15,
04:30 – 05:15
Foreign Exchange
Australian Dollar 100,000 Australian Dollars 0.0001 10 AUD 06:00 – 05:00 Trading lasts until 2 business days before the 3rd Wednesday in the month of contract expiry (usually Monday)/ 21:16
Pound 62,500 Pounds 0.0001 6.25 GBP 06:00 – 05:00
Canadian Dollar 100,000 Canadian Dollars 0.0001 10 CAD 06:00 – 05:00
Euro 125,000 Euros 0.0001 12.5 EUR 06:00 – 05:00
Japanese Yen 12,500,000 Japanese Yen 0.000001 12.5 JPY 06:00 – 05:00
New Zealand Dollar 100,000 New Zealand Dollars 0.0001 10 NZD 06:00 – 05:00
Swiss Franc 125,000 Swiss Franc 0.0001 12.5 CHF 06:00 – 05:00
RMB/U.S Dollar 1,000,000 RMB 0.00001 10 RMB 06:00 – 05:00 The trading lasts until one business day before the 3rd Wednesday in the month of contract expiry (usually Tuesday)/ 09:00
Farm Products
Corn 5,000 Bushels 0.25 12.5 ZC Monday to Friday 08:00 – 08:45,
21:30 – the next day02:15
Trading lasts until 15 business days before the month of contract expiry.
Soybean Oil 60,000 Pounds 0.01 6 ZL
Soybean Meal 100 Tons 0.1 10 ZM
Oat 5,000 Bushels 0.25 12.5 ZO
Soybean 5,000 Bushels 0.25 12.5 ZS
Wheat 5,000 Bushels 0.25 12.5 ZW
Cocoa 10 Tons 1 10 CC 16:00 – 02:00 ^ The business day before the last notice day
Cotton 50,000 pounds 0.01 5 CT 09:00 – 02:30 17 business days before the end of the spot commodity month
Coffee 37,500 pounds 0.05 18.75 KC 15:30 – 02:00 ^^ The business day before the last notice day
Sugar #11 112,000 pounds 0.01 11.2 SB 14:30 – 02:00 The last business day of the month before the delivery month
Interest Rate Futures
U.S. Treasury Bond USD1,000 x Index 1/32 32.25 ZB 06:00 – 05:00 Trading lasts until 7 business days before the last transaction day in the delivery month.
10-Year U.S. Treasury Bond USD1,000 x Index 1/64 15.625 ZN 06:00 – 05:00

Trading Details of Our Global Futures Products

*  Each month’s transactions must be completed on the 3rd business day after the 25th day of the month before delivery.

If the 25th day in the month is a non-business day, transactions must be completed one day ahead of the 3rd business day in the original schedule. If the expiration day is a holiday, then transactions must be completed 1 day ahead of the holiday.

^ The last notice day is the 10th business day before the last working day in the delivery month.

^ ^ The last notice day is the 7th business day before the last working day in the delivery month.

Note:

  1. The information above is for reference only. The relevant information is subject to the transaction announcements. Users will be solely responsible for the losses which may result from the transactions done in reliance upon the information contained here.

Please refer to our Service Fee & Charges List.

Energy and Precious Metals

Gold is the major product in precious metal futures. Gold is commonly used in jewelry accessories, electronic products, dentistry, and works of art; in recent years it is also used more widely in the aerospace industry. At present, more than 80% of the world’s gold is produced in six countries: South Africa, U.S., the former Soviet Union, Australia, Canada, and China.

In recent years, the international status of gold has again been the focus of attention, and the dealings of the gold futures in New York Mercantile Exchange (COMEX) has become increasingly active. To facilitate global gold traders, COMEX provides electronic and market trading sessions, allowing investors in various countries to make profits more effectively.

Like other commodity futures, the price of gold is mainly subject to supply and demand.

Factors influencing the price of gold

  • Newly mined gold and recovered gold
  • Private and government stocks of gold
  • The demands from the manufacturing industry
  • Political situations, natural disasters and wars, and economic changes
  • Oil prices (rising oil prices are usually indicative of inflation)

Silver has the largest output among all precious metals, and has traditionally been cast into silver ingots and made into silver jewelry. In recent years, its conductivity has been widely used in photography, electronics and dentistry. The majority of silver is produced in Mexico, U.S., Peru, Canada, the former Soviet Union, and Australia.

The United States has the largest demand for silver in the world, accounting for more than 90% of the total consumption, of which the photographic industry consumes the largest amount (about 50% among all industries).

Silver has the phenomenon of rising and falling along with gold, platinum and other precious metals, but the volatility of silver is often more intense.

Main factors for determining the price of silver

  • The quantity of industrial use
  • Jewelry quantity
  • The economic strength in leading industrial nations
  • Stock changes

The high purity and inert features of platinum have always made it a necessary material for many industrial products: chemical, automotive, electronics, dentistry, medicine, and petroleum industries all have a considerable demand for platinum; jewelry manufacturers, food technology, and producers of religious art goods also have a strong interest in platinum. For these reasons alone, platinum occupies an important place among precious metals. Furthermore, platinum output has become scarce in recent years and its sharp fluctuation range makes the trading of platinum futures increasingly active.

At present, the major producers of platinum are South Africa, the former Soviet Union and Canada, and are consumed by developed countries such as the United States and Japan.

Supply and Demand Factors Affecting Platinum Prices

  • Mine pit production
  • Secondary production
  • Political and economic situations in the country of production
  • Sales volume of cars
  • Japan’s economic situation
  • The industrial growth rate and the electronic industry (when the growth is fast, the platinum price will increase.)

Copper possesses superb strength, malleability, corrosion resistance, and heat conductivity; its global consumption is second only to iron and aluminum. Copper is an industrial metal; 80 – 90% is obtained mainly through open-pit mining. As a lot of dirt and ores need to be removed to extract copper, it takes a considerable input of capital and labor.

At present, Chile and Canada are the largest copper producing countries, and the United States is the largest consumer, followed by the former Soviet Union and Japan; the consumption of the three countries alone accounts for 50% of the global consumption; other major consumers are U.K., Germany, and China.

The largest use of copper is in the electrical industry as a component of lead wire and electronic telecommunication equipment; it also has wide application in the construction and automotive industries.

Main Price Factors

  • The degree of prosperity in the construction and automotive industries
  • The collective bargaining and strike events in copper production areas
  • The rumors or actuality of strikes in Chilean and Canadian mining areas
  • The level of stocks (the LME and COMEX stocks are the market index.)

Index

The Dow Jones Industrial Average is the first stock index in the world and was first reported by The Wall Street Journal in 1884 by Charles Dow and Edward Jones. There was no certain rule for stock picking in the early stage. Instead, it was drafted by The Wall Street Journal in October 1896 and the stock index was officially increased from 20 to 30 in 1928 and is still in use today. The Dow Jones Industrial Average is the most widely-known and respected stock index in the world. It includes a portfolio of 30 Blue Chip companies with strong capital listed on the New York Stock Exchange, which represent one-fifth of the total U.S. stock market. Futures contracts based on the Dow Jones Industrial Average are being offered on the Chicago Board of Trade to facilitate investors in the financial markets.

The Reasons Affecting DJIA include:

  • Overall economy
  • Prices of the index constituent stocks
  • Enterprise future earnings prospects
  • Dollar trends and interest rates
  • Raw material costs
  • Political factors
  • Natural disasters and wars

The S&P 500 Index is a stock index obtained by Standard&Poor’s through selecting and calculating the 500 stocks from various industries listed on the exchange. According to S&P regulations, only a business with a market capitalization of over USD 4 billion, and whose circulation shares account for more than 50% of its shares can be included in the S&P 500 Index. At present, like DJI, most of the fund management companies in the U.S. and even other regions use the S&P 500 Index as an important reference index.

Influencing Index Factors

  • Political factors
  • Natural disasters and wars
  • Dollar trend and interest rates
  • Overall economy
  • Enterprise future earnings prospects
  • Index Stock Price
  • Raw material costs

The Nasdaq Composite Index is an important indicator in the high-tech industry. Various stocks related to high technologies including computer software and hardware, semiconductors, networking, communications and biochemical technology etc. have all been incorporated into the index by the NASDAQ Securities Market. Therefore, it has a strong influence on the stock markets around the world and has become a benchmark for global technology stocks. According to its regulations, only an enterprise with a market capitalization of USD 5 million, and whose average daily trading volume adds up to at least 100,000 shares is eligible to become a constituent stock.

Influencing Index Factors

  • The Development of High Technology
  • Index stock price enterprises
  • Enterprise future earnings prospects
  • Dollar trends and interest rates
  • Political factors
  • Natural disasters and wars
  • Overall economy
  • Raw material costs

 

In September 1986, the Singapore Derivatives Exchange launched futures that take the Japanese stock market as the indicator, Nikkei 225 Stock Index Futures; the volume of trading has increased rapidly in recent years and is second only to the European dollar futures.

The Nikkei 225 Average Index represents the index of the Japanese stock market, and is published daily by the Japan Economic News Agency. The Nikkei 225 Index selects stocks with a high liquidity from the analyses of the business categories, including technology, finance, transportation, utilities, capital, and other consumer goods and raw materials, etc.

Influencing Index Factors

  • Turmoil in Japan’s political situations
  • Interest rate policies of Japan’s central bank
  • Japanese economy
  • Developments in the Japanese financial market
  • Foreign exchange rate of Japanese yen
  • U.S. stocks
  • Future earning prospects of listed companies

SGX FTSE China A50 Index Futures were listed for trading on the Singapore Exchange (SGX) On September 5, 2006. The index futures are the world’s only offshore index futures related to China’s A-Share market, and was approved by the Commodity Futures Trading Commission (CFTC). The FTSE China A50 Index objectively meets the QFII’s demand for hedging the risks in the A-Share market risk. The Index selects the top 50 listed companies with the largest market capitalization from the China A-Share market, including those listed on the Shanghai Stock Exchange and the Shenzhen Stock Exchange, which are extremely representative. Its various indicators include the performance, liquidity, volatility, industry distribution, and market representativeness, which are all at leading market levels. The index uses the 50 A-Share companies with the biggest market capitalization listed on the two Exchanges as the sample and makes pro rata adjustment; it takes July 21, 2003 as the base period and 5000 as the base point, and makes regular adjustments to the sample stocks in January, April, July and October every year. At the same time, the top 10 weighted stocks in the FTSE A50 Index are basically consistent with the top 10 weighted stocks in the CSI 300 Index. In the A50 Index, the letter “A” stands for China A-Share, and 50 represents the top 50 stocks with the biggest market capitalization.

Price Factors

  •  Future economic outlook and economic growth in China
  • Inflation and CPI in China
  • Political factors
  • Other factors (such as tax cuts, interest rate movements, the RMB exchange rate changes, the introduction of the policies)

The SGX MSCI Taiwan Index Futures are a free floating adjusted market cap weighted index, and are a sampled representative of the large, mid and small caps stocks in the Taiwan stock market. Since its launch in 1997, its trading volume and position have increased significantly and are approved by the Commodity Futures Trading Commission (CFTC). According to the International Monetary Fund (IMF), in 2012, Taiwan’s GDP was estimated at USD 466.1 billion and was the world’s 20th largest economy. Taiwan’s stock market capital reached USD 808 billion on 1 July 2011. For the international institutions and private investors in the Taiwan stock market, the SGX MSCI Taiwan Index Futures are a multi-functional and cost-effective risk management tool.

Price Factors

  • Trade current account
  • Taiwan’s economic outlook and growth
  • Inflation and CPI
  • Labor market employment status
  • Local political factors in Taiwan
  • Other factors
    (such as changes in the NTD exchange rate, the situations in China, U.S. and Taiwan, etc.)

Currency Futures

Currency futures, are a standard contract pursuant to which the parties have agreed to exchange one currency for another at a specified date in the future at a price that is fixed on the purchase date. The type, quantity, and delivery month of a foreign exchange futures contract must be clearly stated in the contract to increase the convenience of the transaction. Investors can close out the contract at any time prior to its delivery date to avoid the obligation to exercise the contract so that cash or physical delivery is not needed.

  • Important Indicators and Impacts
  •  Unemployment rate
  • Non-farm Payrolls
  • Consumer price index CPI
  • Producer price index PPI
  • Trade index number
  • Leading indicators
  • Personal income
  • Retail sales rate
  • Durable Good Orders
  • Housing Starts
  • Housing construction permits
  • Factory orders
  • Gross national product GNP
  • Currency supply versus Federal Reserve Bank cap

Currency futures are quoted in non-US dollar standard contracts, i.e. the relative US dollar price of per unit of foreign currency.
Active foreign exchange futures contracts include the Australian Dollar, British Pound, Canadian Dollar, Euro, Japanese Yen, New Zealand Dollar, Swiss Franc, Euro, Yen, RMB, and U.S. dollar indices etc..

You can buy and sell the following through our company:

  • Australian Dollar
  • British Pound
  • Canadian Dollar
  • Euro
  • Japanese Yen
  • New Zealand Dollar

Agricultural Futures

The primary corn producing countries are America, China, and Brazil etc., among which America has the highest yield accounting for approximately 40% – 50% of the global yield, and is the largest exporter, so any changes in U.S. corn production will affect the global price of corn.

In terms of the growing season of corn, the sowing time is from May to June and the harvest time from September to November every year. The price usually goes down during the harvest time (October – December), and when the corn stocks reduce, the price begins to rise gradually until the end of summer.

Corn is mainly used as food, the greatest proportion of which is for animal feed; corn can also be used to distill alcohol, sugar, and vegetable oil, etc.
Price Factors

  • Climates in the area of production
  • U.S. government agricultural policy
  • Export policies of the U.S. and other major producing countries
  • Supply and demand report released by USDA
  • Corn stocks
  • Quantities and prices of livestock and poultry

The consumption of soybean oils has maintained a steady growing trend; the main reasons include an increase in the world’s population and the rise in the average income; in Asia, China and India both with a large population have consumed a rather significant amount of corn in recent years. Three regions including America, Brazil, and the Eurozone account for about 80% of the total soybean oil production, and Japan and China represent the majority of the remainder. Soybean oil is an edible oil with the largest production in the world, but there are six substitutes; when the production of soybeans declines due to bad climate, the oil price may rise, though the global vegetable oil production increases year by year, so the substitutability becomes higher.

Price Factors

  • Soybean cultivation acreage estimation reports
  • Import and export trends and quantities
  • Various USDA reports: production estimates, growth progress, and end-of-period stocks
  • Yields and prices of substitutes

Soybean Meal is the world’s leading high protein powder, and is mainly used as a protein for livestock and poultry feed; it is the most widely used protein supplement and also competes with other sources of protein powders such as fishmeal, corn, wheat, oats, and sorghum etc.; compared with soybean oils, soybean flour is not suitable for long-term storage, therefore the commercial-use stocks are not the major factor determining its price. The largest producer is America, the second is Brazil, and the next two are Argentina and the European community. The major importing countries are the Commonwealth of Independent States, Japan, Taiwan, and South Korea.

Price Factors

  • Soybean cultivation acreage estimation reports
  • Import and export trends and quantities
  • Various USDA reports: production estimates, growth progress, and end-of-period stocks
  • Yields and prices of substitutes

Oats are a worldwide crop suitable for growing in any environment, especially in cold climates and temperate climates. However, due to various restrictions, such as eating habits, varieties, processing and farming methods, oats are mainly used for poultry feed.
In terms of yield, Russia is the largest producer, followed by America and Western Europe.

Price Factors

  • Climate changes in the producing countries
  • Country import and export policies (especially the producing countries)
  • Supply and demand of different countries
  • Substitutes
  • Exchange rates

Thanks to its features high protein and fat, the derived soybean flour and soybean oil become an important by-product. America is the world’s highest producer of soybean, accounting for more than 50% of the global yield; the areas of production are mainly concentrated in the south of the Great Lakes, in addition to other important producers such as America, Brazil, China, and Argentina. China’s soybean production is mainly used domestically, so the main exporting countries are America, Brazil and Argentina. The major importing countries are the European Common Market, Japan, Netherlands, and Taiwan.

American soybean growing season:
May to June – the sowing period; July to August -flowering and pods form; September to November – harvest time. As for the Argentinean and Brazilian production areas, October to December – sowing period; January to February – flowering and pods form; February to May – the harvest time.

Price Factors

  • Seasonal cycle
  • Climate conditions
  • Substitutes
  • Exchange rates
  • Important agricultural reports:
  • Export sales report: released every Thursday
  • Cultivation acreage estimation report: released in January every year
  • Soybean pressing report: released by NOPA weekly
  • Weekly reports on the world’s crop production and trade: the supply and demand information on the crops outside America
  • Monthly supply and demand reports
  • Grain stocks reports

Wheat is an important global cereal with a long history; it is a very important agricultural product in the human history, and the wheat now produced in America is mainly hard wheat. Wheat is mostly used for food production, and compared with other crops, wheat is used less for livestock feed. In addition, as wheat is mostly used as a raw food material, the supply and demand are relatively stable, and have a positive relationship with personal income. Major wheat importing countries are Japan, India, China, Eastern Europe, and Australia etc.

Price Factors

  • Supply and demand
  • Seasonal factors
  • Important USDA reports

Futures

Futures and options are among the investments that have become most popular with investors.Their structure and operation are more complex than securities and they involve leverage.

Futures are financial contracts for underlying assets, such as stock, market index, currency or commodity. The underlying assets are bought or sold at an agreed price today, for a set date in the future. Investor can buy or sell them with a margin deposit, which only partly covers the value of the contract.

Options

Options have more variables than futures and are generally divided into two categories, call options and put options. A call option gives its holder the right (but not the obligation) to buy the underlying asset at a predetermined exercise price on or before the expiry date, and a put option gives its holder the right (but not the obligation) to sell the underlying asset at a predetermined exercise price on (or before) the expiry date.

Investors may also choose to sell call options or put options to receive premium, but also shall be obliged to buy or sell the underlying assets to fulfill their obligations when the option holder exercises the option.There is no physical delivery for index options, therefore all the transactions are settled in cash.

Advantages

Global Futures   All-inclusive

Glory Sun Securities provides trading services for Hong Kong and global futures. We offer the trading of more than 30 popular global futures and 4 major markets of local option products to help you establish a diverse investment portfolio.

Special Low Online Transaction Commission

After you become a client of Glory Sun Securities, you no longer need to pay expensive commission for online trading. Our fees are more favorable than most banks and securities firm, which greatly saves your investment costs.

Connect to the Global Market Products All the Time

To facilitate clients to connect with the global product markets at anytime and anywhere, Glory Sun Securities provides multiple trading methods. If you have successfully opened your account, you can connect to the global product markets for trading.

Regularly Held Futures Lectures

Glory Sun Securities holds different types of investment lectures in partnership with major international investment banks or financial institutions, at which experienced analysts will explain the complicated operations of futures in simple language, and teach clients the winning strategies in futures trading.

Hong Kong Features and Options

Index Options

Index Futures

Global Options

Precious Metals

Energy

Index

Foreign Exchange Currency Futures

Agricultural Futures

Interest Rate Futures

Glory Sun Securities offers the following Hong Kong Futures and Options, and only charges a special low commission fee of $8/each. See the Service Fees & Charges List to find out more details about the local futures and option products.

Index Futures

  • Hang Seng Index Futures
  • Mini-Hang Seng Index Futures
  • H-Shares Index Futures
  • Mini H-Shares Index Futures

Index Options

  • Hang Seng Index Futures
  • Mini-Hang Seng Index Futures
  • H-Shares Index Futures
  • Mini H-Shares Index Futures
Product Minimum Fluctuation Range Value Per contract Tradable Contractual Month Contractual Settlement Method Trading Time Pre-opening Session* Last Trading Day Last Settlement Day
Hang Seng Index Futures 1 Index Point Index Point x HK$50 Front Month, Next Month and the Following 2 Quarter-Months Cash 09:15 – 12:00、
13:00 – 16:15 and
17:00 – 23:45
08:45 – 09:15
12:30 – 13:00
The 2nd Last Transaction Day of the Contractual Month (Closing Time: 16:00) The working day after the last day of transaction
Mini Hang Seng Index Futures Index Point x HK$10
H-Shares Index Futures Index Point x HK$50
Mini H-Shares Index Futures Index Point x HK$10 Not Applicable
Hang Seng Index Options Index Point x HK$50 Front Month, the Next 2 Months, and the Following 3 Quarter-Months 09:15 – 12:00 and
13:00 – 16:15
Mini-Hang Seng Index Options Index Point x HK$10 Front Month, the Next Month, and the Following 2 Quarter-Months
H-Shares Index Options Index Point x HK$50 Front Month, the Next 2 Months, and the Following 3 Quarter-Months

Trading index futures requires to post the initial margin that adjusts according to market price fluctuations. Investors trading futures have to ensure there are sufficient balance to meet the initial margin requirements set by the exchange before opening new positions. Maintenance margin is 80% of the initial margin.[1]

Please refer to the Hong Kong Exchange website at the link below.

Hong Kong Exchange Website Derived Product Page

Index Futures

Hong Kong’s Hang Seng Index Futures and H-Share Index Futures are the financial market related index futures which Hong Kong investors are most familiar with. The Hang Seng Index Futures are indicators of changes in the Hong Kong stock market, and also Asian high-profile indices; plus, active participation by local and international investors has also increased the popularity of the Hang Seng Index Futures and Options.

In recent years, the mainland economy has developed rapidly and investors’ interest in China’s relevant stocks has gradually increased. Hang Seng China Enterprises Index (CEI) is related to the H-Share Index Futures and Options, which is a market capitalization weighted stock index compiled and calculated by Hang Seng Indices Company Limited; CEI reflects the trend of main H shares. Investors with an interest in the domestic market can also choose H-Share Index Futures and Options.

Investors can use index futures to hedge the investment portfolios they already hold, thus managing the portfolio risks and capturing opportunities for index arbitrage.

Index Options

A call option gives its holder the right (but not the obligation) to buy the underlying asset at a predetermined exercise price on or before the expiry date, and a put option gives its holder the right (but not the obligation) to sell the underlying asset at a predetermined exercise price on or before the expiry date. Investors may also choose to sell call options or put options to receive premium, but also shall be obliged to buy or sell the underlying assets to fulfil their obligations when the option holder exercises the option. [1] There is no physical delivery for index options, therefore all the transactions are settled in cash. [2]

Options can be classified into two types in general – call options and put options. [1]

1. Call Options

Purchasing Call Options (Long Call):

Expect the underlying index to go up. Buyers are required to pay the option premium, and no margin requirement is needed. Profit is subject to the potential profit on the index upside, and maximum loss is limited to the premium paid to the call options.

Selling Call Options (Short Call):

Expect the underlying index to go down with low volatility. Call option sellers receive option premium while they are required to meet the margin requirements set by the exchange. Profit comes from the received call premium, and the risk facing is the potential loss resulting from the index upside. Theoretically the maximum loss is infinity.

2. Put Options

Purchasing Put Options (Long Put)

Expect the underlying index to go down. Buyers are required to pay the option premium, and no margin requirement is needed. Profit is subject to the potential profit on the index downside, and maximum loss is limited to the premium paid to the put options.

Selling Put Options (Short Put):

Expect the underlying index to go up with low volatility. Put option sellers receive option premium while they are required to meet the margin requirements set by the exchange. Potential profit comes from the received put premium, and the risk facing is the potential loss on the index downside. Theoretically the maximum loss is the total amount of the underlying index.

Dedicated Line for Local and Global Futures Options Trading
(852)28543123
Answered by dedicated personnel 24 hours a day

Computer Version Trading Platform

Mobile Trading Platform

The system functions include:

Glory Sun Securities provides you with a dedicated telephone trading hotline and the most comprehensive online electronic trading platform. Clients who have successfully opened online futures accounts can use either the computer or mobile version trading platform and non-online futures account holders can use the dedicated trading hotline.

The computer version trading platform is easy to operate; you just need to log in to your account after downloading and completing the simple installation. The program is supported on the Android and iOS platforms. Clients just needs to install the mobile trading program appropriate to their cell phones, and use the already registered user number and password to log in the mobile platform for trading.

Our new mobile trading platform is Sharp Point Pro HD, which is a mobile trading system used by a number of international securities dealers; it provides real-time stable and multiple functions and gives clients a high-quality futures trading experience.

  • 24-hour trading services for Hong Kong futures/stock futures and global futures
  • Configured with the functionality for order placing, inquiry, modification, and cancellation
  • Real-time quotations, market conditions in the palm of your hand.
  • Immediate inquiries regarding trading details and futures account records, through which your funds are utilized more flexibly.
  • Mutual updates between the VIP online version and mobile version order placing instructions for SP futures
  • The newly added charts (Pro Version) help clients analyze big market trends, and allow clients to flexibly set up the layout as they like.
  • The new “Expiration Day/Designated Date” function*
  • The new “Options Master” page gives clients the facility to easily check the options quotations with different strike prices on one page.

Computer Version Trading Platform

Futures Mobile Trading Platform

System Requirements
Android 4.0.3 to 7.0 supported
INTEL and ARM processors supported
Android PADs supported

Teaching:User ManualYoutube | 優酷

System Requirements
Support iOS 8 or higher, particularly suitable
for the users using iOS 9.0 or higher now

Teaching:User ManualYoutube | 中國地區用戶

Set up:
1. Start the trading system after the installation is completed.
2. Enter 152.101.141.11 and your username and password in the domain column.
3.  Read the clauses carefully and click the “Agree and Login” button to log in automatically.

We provide various ways for account opening and our licensed professional customer services managers will follow up the process personally.

booking

Online Appointment

After you make an online appointment to open an account, our customer services officer will call to confirm your appointment, arrange the time to provide you with personalized account opening services, and explain in detail the account operations, deposits, withdrawals, and other common instructions.

 Online Appointment

mail
Mail/Free Courier Service

After completed all the steps instructed, please dial Customer services hotline at 2379 8888 to arrange the free delivery of the relevant documents to us by courier service, or you can mail the documents by yourself.

Mail/Free Courier Service