Hong Kong (HKEX)
We have launched 3 new HK market order types:
- Market order
- Market on Open (MOO) order
- Market on Close (MOC) order
|Market Order||Market on Open (MOO) order||Market on Close (MOC) order|
|An order placement with a defined quantity but no price. It will be traded at the best price currently available in the market.||An order placement with a defined quantity but without a price. It is placed before the HK market is opened and will be executed at the opening price for that day.||An order placement with a defined quantity but without a price. It is placed during the HK market trading session and will be executed at market closing price for the day.|
These order types are now available on POEMS Web and POEMS Mobile 2.0, and will be available very soon on POEMS Pro!
What are the benefits and risks?
When can I place a HK Advanced Order?
More specifically, advanced orders for the intended trading session can be placed on the day itself at the following timings:
|Time for normal day trading (SGT)|
|Market order||From 9.30am till 4pm|
|Market on Open||From 9.05am till 9.20am|
|Market on Close||From 9.35am to 4.08pm|
|Order Placement (Board lots)||
1) POEMS 2.0 or
2) Your designated Trading Representative
|Odd lot||Via your designated Trading Representative|
|Common order rejection messages||Your orders may be rejected due to the following reasons:
|Trading lot||Not fixed|
|Price Quote1||20 minutes
To access live price quote, click on the counter.
Live price subscription available.
|Minimum bid size||Share price (HKD)||Minimum Bid Size (HKD)|
|0.01 – 0.25||0.001|
|> 0.25 – 0.50||0.005|
|> 0.50 – 10.00||0.01|
|> 10.00 – 20.00||0.02|
|> 20.00 – 100.00||0.05|
|> 100.00 – 200.00||0.10|
|> 200.00 – 500.00||0.20|
|> 500.00 – 1,000.00||0.50|
|> 1,000.00 – 2,000.00||1.00|
|> 2,000.00 – 5,000.00||2.00|
|> 5,000.00 – 9,995.00||5.00|
For information on ETF bid size, kindly refer to this page.
The Volatility Control Mechanism (VCM) will be implemented by HKEx on 22 August 2016. Please click here to find out more.
|Stamp Duty||0.13% (rounded up to the nearest dollar) with effect from 1 August 2021|
|CCASS fee||0.002% (Minimum HKD2.00, Maximum HKD100)|
|Transaction Levy||0.0027% (Rounded to the nearest cent)|
|FRC Transaction Levy||0.00015% (Rounded to the nearest cent, effective 1 January 2022)|
Note: All fees and charges are subject to Goods & Services Tax (GST). Fees & charges may be subject to changes without prior notice. Please click here for custodian charges.
Italian financial transaction tax (“IFTT”) is applicable to buy trades on Hong Kong-listed Italian companies with market capitalization more than Euro 500 million. The applicable tax rate is either 0.1% or 0.2%, depending on the counter.
*Promotional details are available at https://www.poems.com.sg/cash-plus
|Singapore/Hong Kong Time||Pre-opening Session||09:00am – 09:15am|
|No-cancellation Period||09:15am – 9:20am|
|Random matching Period||09:20am – 09:22am|
|Morning Session||09:30am – 12:00pm|
|Closing Auction Session
(Only During Half Day Trading*)
|12:00pm – 12:10PM|
|Afternoon Session||01:00pm – 04:00pm|
|Closing Auction session
(For Full DayTrading)
|04:00pm – 04 :10pm|
Note: To participate in pre-opening, orders have to be entered and received before 9:20 am.
Pre-opening orders will be matched between 09.20am – 09:22am.
|Full Day Trading||Half Day Trading*|
|Reference Price Fixing Period||04.00pm – 04.01pm||12.00pm – 12.01pm|
|Order Input Period||04.01pm – 04.06pm||12.01pm – 12.06pm|
|No Cancellation Period||04.06pm – 04.08pm||12.06pm – 12.08pm|
|Random Closing Period||04.08pm – 04.10pm||12.08pm – 12.10pm|
*Eves of Christmas, New Year and Lunar New Year
With effect from 8 October 2019, the list of securities covered by CAS expands to include all equities (including depositary receipts, investment companies, preference shares and stapled securities), as well as funds (including exchange traded funds (ETFs) and real estate investment trusts). For the list of CAS securities, please refer to the “CAS Eligible” indicator under the Full List of Securities available on HKEX website.
|January||Monday||31 January||Lunar New Year’s Eve||No||Partial|
|February||Tuesday||1 February||Lunar New Year||No||No|
|Wednesday||2 February||Lunar New Year||No||No|
|Thursday||3 February||Lunar New Year||No||No|
|April||Tuesday||5 April||Ching Ming Festival||No||No|
|Friday||15 April||Good Friday||No||No|
|Monday||18 April||Easter Monday||No||No|
|May||Monday||2 May||Labor Day (obs)||No||No|
|Monday||9 May||Buddha’s Birthday||No||No|
|June||Friday||3 June||Tuen Ng Festival||No||No|
|July||Friday||1 July||Sar Establishment Day||No||No|
|September||Monday||12 September||Day After Mid-autumn Fest||No||No|
|October||Tuesday||4 October||Chung Yeung Festival||No||No|
|December||Monday||26 December||Christmas Holiday (obs)||No||No|
|Tuesday||27 December||Christmas Next Day||No||No|
Note: Information is correct at time of posting
|Scrip Charge||S$1 per Transfer Form (Each Transfer Form can only hold up to 5 certificates)|
|Courier Fees (<20 certificates)||S$21|
|Courier Fees (>20 certificates)||S$1.05 per certificate|
|PSPL Handling Fees||S$10.70 (inclusive of GST)|
Rates may change from time to time at the discretion of Phillip Securities Pte Ltd.
There are other miscellaneous fees for physical scrips deposition. For more details, please send in your enquiry to email@example.com
You can pay by any of the following payment methods:
- Cheque, payable to “PHILLIP SECURITIES PTE LTD” (please note that we will cease accepting cheque payments on 31 December 2022)
- EPS (notify your assigned Trading Representative)
- Debit from clients’ trading accounts if there are sufficient funds in their Phillip Financial, Cash Management or Investment account (clients must indicate their instructions in the “Remarks” column).
Note: We will not initiate share transfer before receiving payment from clients.