There are indeed two exchanges. The parent company is called Hong Kong Exchanges and Clearing Company Ltd (HKEx). The HKEx is technically an exchange controller under regulations in HK. It owns and operates the Stock Exchange of HK Ltd ("SEHK") and the Hong Kong Futures Exchange Limited ("HKFE"). (I wont' begin to cover the 3 separate clearing houses here which complicates matters further). The SEHK and HKFE have different routing and fee structures. The SEHK system (stocks, warrants) is where you trade equities and warrants and have built there own routing API/software. The HKFE routes via the OM system and is where you trade futures, index and stock options. They both have different fee structures. In particular, for the SEHK, every terminal receiving data is required to pay 200 HKD (about $25 per month). To subscribe to either one, do it via the account mgmt tools. Hope this makes things more clear.
I may add, SEHK and HKFE used to be 2 separate companies. They were "forced" to merge under the HKex, thus the legacy systems.
On a side note, all this and more would be listed on the HKEx web site. 4D, why didn't you bother to check out their site before making your erroneous claim?
FYI, the odds are very high that the market will remain closed the entire day as the typhoon is still approaching HK.
ET99, My hat off to you for this thread . . I have been trading credit spreads on weekly options as I cannot stare at my computer all day during work and was looking for something after work to trade. Lots of great information here. I plan to start paper trading this in the near future. Thanks again
There is a much better instrument to trade during Asian hours - kOSPI 200 futures. Take a look at this thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=193440
I am glad you found happiness in KOSPI. I have looked at the chart, it shows good volume and orderly oscillation; it looks like a good trading instrument. but I for one would not repeatedly go to your KOSPI thread and tell people to come over here. It's just me... nothing for or against any instrument. You trade what is comfortable to you.