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Shanghai-Hong Kong Stock Connect

This site is not directed at residents of the United States and is not intended for distribution to, or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. Under what situation that investor will only be allowed to sell an SSE Security but restricted from further buying? Investors need to have RMB balance in their accounts on Trade day. Likewise if you sustain losses, your equity will be deducted accordingly. SEHK will keep the market informed of developments and the proposed timing of implementation. So what happens most of the time is your broker would take the opposite side of your trade. They are leveraging excessively relative to their account size, even a small price movement against them is enough to wipe out their trading capital.

Trading foreign exchange involves a high degree of risk. UOBBF offers trading on margin. The leverage created by trading on margin can work for you as well as against you, and losses can exceed your entire investment.

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Trading under Shanghai-Hong Kong Stock Connect will, initially, be subject to a maximum cross-boundary investment quota i. The Aggregate Quota caps the absolute amount of fund inflow into Mainland under Northbound and the absolute amount of fund outflow from the Mainland under Southbound. However, investors can continue to sell SSE Securities.

If the Northbound Daily Quota Balance drops to zero during a continuous auction session, no further buy orders will be accepted for the remainder of the day. It is currently contemplated that Shanghai-Hong Kong Stock Connect will not support initial public offering. SSE will not accept order cancellation. Investors need to have RMB balance in their accounts on Trade day. Only limit orders SSE limit orders can be matched at the specified or better price will be accepted for SSE Securities throughout the day.

The orders cannot be amended. EPs who wish to amend their orders must cancel the original orders first and then input new orders. Subject to conditions, margin trading in SSE Securities may be conducted. According to the relevant rules of SSE, SSE may suspend margin trading activities in specific A shares when the volume of margin trading activities in such A shares exceeds the threshold determined by SSE and resume margin trading activities when the volume drops below a prescribed threshold.

Short selling of SSE Securities which are eligible for both buy orders and sell orders through Northbound trading will be allowed subject to a number of requirements set by SSE. These include requirements on: Further details on the above will be published in due course. Implementation of some of the requirements described above needs system support.

SEHK will keep the market informed of developments and the proposed timing of implementation. Under what situation that investor will only be allowed to sell an SSE Security but restricted from further buying? All SSE Securities are subject to the same trading board lot size, which is shares buy orders must be in board lot. Odd lot trading is only available for sell orders and all odd lots should be sold in one single order. It is common that a board lot buy order may be matched with different odd lot sell orders, resulting in odd lot trades.

It should be noted that unlike Hong Kong, board lot and odd lot orders are both matched on the same platform on SSE, and subject to the same share price. The maximum order size is 1 million shares and the tick size is uniformly set at RMB 0. All orders input for SSE Securities must be within the price limit. Any orders with price beyond the price limit will be rejected by SSE.

The upper and lower price limit will remain the same intra-day. In the initial stage of operation of Shanghai-Hong Kong Stock Connect, investors will only be allowed to trade on the other market on days where both markets are open for trading, and banking services are available in both markets on the corresponding settlement days. This arrangement is essential in ensuring that investors and brokers will have the necessary banking support on the relevant settlement days when they will be required to make payments.

In the initial stage, Northbound trading arrangement under severe weather conditions will be as follows: Investors should note that certain existing CCASS fees still apply, including stock settlement fee for settlement instructions and money settlement fee. Dividend tax will be withheld by issuer and ChinaClear upon dividend payment. Filling in the form just takes 3 steps in 6 minutes. Click here to download the form and learn more.

When you have a positive carry trade, it means that the currency you are long pays a higher interest rate than the currency you are short.

You are long Audjpy, this means you are buying the Aussie and selling the Yen. The Aussie currently pays interest of about 2. So there is always a possibility of counter party risk.

And for you the retail trader, your counter party risk is usually your broker. Your transaction size in the forex market is too small to even reach the interbank market. So what happens most of the time is your broker would take the opposite side of your trade.

After which the broker would pool these retail orders together and hedge it on the interbank market. If you are looking to sign up for a credit card from Standard Chartered , American Express or Citibank , our friends at SingSaver have an exclusive promotion for you! Click on the links below to sign up:. Here are the eligible cards:. You can use these links to sign up and enjoy the gifts:. The rewards above are a SingSaver exclusive, so you must apply through SingSaver and complete the registration process to qualify for them.

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The Bank and UOB Bullion and Futures have not taken any steps to ensure that futures trading is suitable for you and unless the Bank or UOB Bullion and Futures otherwise agrees, the Bank and UOB Bullion and Futures are not acting as your adviser or in any fiduciary capacity in respect of any proposed transaction. Using this site is consent to such transmission of this information; such consent is effective at all times when using this site. UOB Kay Hian Pte Ltd utilizes bit browser encryption as a security standard. Usage of UOB Kay Hian Internet Trading constitutes agreement of the Terms and Conditions Governing Internet Trading. FX Leveraged Margin Trading. Characteristics of Leveraged Trading. Although the FX market is an attractive place to trade FX, as with any other financial products, the initial investment can be relatively high to begin with.