Securities Online Trading

Internet has become an inevitable part of our life, we do know that it brings us convenience and advantages. Therefore, we provide a sophisticated online trading platform, and let our customers enter the market directly via this simple and quick medium.

Receive one-time-password for HK securities trading using mobile app “AFE Alert Pro”: User Guide

 

(Web-based Version)

*We offer another download version “Lightning trading platform”. The “Lightning Trading Platform” is only available in Chinese. We apologize for the inconvenience caused. Please Click here for further information of download version trading platform.

Trading Rules

    1. Trading hours (Hong Kong Time)
      Pre-opening Session 09:00am to 09:30am
      Morning Session 09:30am to 12:00noon
      Afternoon Session 01:00pm to 04:00pm

      (*Not applicable under special circumstances and during Hong Kong Public Holidays)

    2. You can contact our customer service via phone or utilize the online trading system to give order instructions. After an order is placed on the trading platform, you can call our customer service to amend or cancel that order instruction. Any transaction concluded via customer service will be charged a commission according to company’s standard rates. Any order instructions placed via customer service will be reflected on the trading platform in real time, you can amend or cancel that order in the same way before the transaction is executed.
    3. Please refer to the User Guide for the functions of the trading platform.
    4. For an efficient operation of the trading platform, we need to carry out data back up on each trading day, the trading platform will be suspended as follows:-
      Sat 05:00 to 06:05
      Sun to Fri 06:00 to 06:05
    5. Before you place the order to purchase securities, you are required to deposit sufficient fund in the company. At present we do not provide online margin fund credit services.
    6. Limit Order (LO) Buy Limit Orders: The order price should fall at or 20 spreads lower than the prevailing market price.Sell Limit Orders: The order price should fall at or 20 spreads higher than the prevailing market price.
      At-Auction Order (AO) An at-auction order is an order with no specified price and is entered into the trading system during the Pre-opening Session for execution at the final IEP. It enjoys a higher matching priority than an at-auction limit order.An at-auction order will be automatically cancelled if unmatched.
      At-Auction Limit Order (ALO) An at-auction limit order is an order with a specified price and is entered into the trading system, but the entered ask/bid price must within the range of nine times higher/lower of current ask/bid price. ALO has a specified price at or more competitive than the final IEP. Depending on market conditions, not all at-auction orders can be matched. As a result, unmatched at-auction orders will be cancelled after order matching.
      Enhanced Limit Order (ELO) An enhanced limit order allows matching of up to ten price queues at a time. Unmatched ELO will become same price LO. Changes made of ELO input of ask/bid price should not lower/higher than current input price. Otherwise the system will reject any changes.
    7. For the buy limit order, the price must be set at the market price or within 20 spreads lower than the market price. For the sell limit order, the price must be set at the market price or within 20 spreads higher than the market price, otherwise the order instruction can not be delivered.
    8. The trading instruction is only valid till day-ends, all instructions not successfully executed will not be carried forward to the next trading day.
    9. If you have forgotten your login password to the trading platform, please contact our Customer Service Dept at (852) 2919 2919. We will reset your password and send it to you in a sealed envelope by post.
    10. The commission charged for orders placed via online trading platform is separated from the commission charged for orders placed via phone.
    11. In order to reward support from customers, there is also an Online Trade Free Quotation Scheme as follows:
Monthly Securities Commission
(HKD Equivalent)
(ii) 
Free Real-time Snapshot / Streaming (iii) (iv)
Online Trading Platform
<500 200 quotes
≥ 500 and < 1,500 500 quotes
≥ 1,500 and < 2,500 800 quotes
≥ 2,500 Free Streaming

    Alternatively, customers can choose our streaming quotation services with a monthly fee of HKD$390.00, the streaming quotation fee is charged in advanced. Full streaming quotation fee shall also be charged, even the services is started or is terminated in the middle of a month.

    1. In case of any emergency (such as adverse weather condition), you are requested to pay attention to the news or announcements made by the Hong Kong Exchanges and Clearing Limited
    2. Securities Commission in HK market (including Stock Connect Northbound Trading) from the last trading day in the previous month and the second last trading day in the current month.
    3. Any remaining free real-time snapshots will be cancelled at the end of the month.
    4. HKD$0.3 shall be charged for each additional quote used.

    Important Notes on Stock Connect Northbound Trading Service

    Trading Hour

    SSE Trading Session SSE Trading Hours Time for Exchange Participants to input Northbound orders
    Opening Call Auction 09:15-09:25 09:10-11:30
    Continuous Auction (Morning) 09:30-11:30
    Continuous Auction (Afternoon) 13:00-15:00 12:55-15:00

    Quota (Aggregated Quota and Daily Quota)

    Trading under Shanghai-Hong Kong Stock Connect will, initially, be subject to a maximum cross-boundary investment quota (i.e., Aggregate Quota), together with a Daily Quota. Northbound trading and Southbound trading will respectively be subject to a separate set of Aggregate and Daily Quota, which is monitored by SEHK and SSE respectively.

      Northbound Trading Southbound Trading
    Aggregated Quota (RMB) RMB 300 billion RMB 250 billion
    Daily Quota (RMB) RMB 13 billion RMB 10.5 billion

    * Important:
    Both the Aggregate Quota and the Daily Quota will apply on a “net buy” basis. Under that principle, clients will always be allowed to sell their cross-boundary securities regardless of the quota balance.

    Aggregated Quota

    Aggregate Quota balance = Aggregate Quota – aggregate buy trades + aggregate sell trades
    (calculated at the weighted average cost)

    * The weighted average cost of aggregate sell trades is calculated based on the purchase cost of all buy trades of the respective SSE Security conducted in Northbound Trading and is not the actual corresponding buy trades conducted by each individual EP.

    If Aggregate Quota Balance is less than Daily Quota, Northbound buying will be suspended on the next trading day. However, investors can continue to sell SSE Securities, which will then increase the Aggregate Quota Balance. SEHK will re-open Northbound buying once the Aggregate Quota balance returns to the Daily Quota level or above.

    Daily Quota

    Daily Quota Balance = Daily Quota – Buy Orders + Sell Trades + Adjustments*

    * Daily Quota Balance will be increased in the following scenarios:

    Once the Northbound Daily Quota Balance drops to zero or is exceeded during a continuous auction session (Continuous Trading), no further buy orders will be accepted for the remainder of the day. Subject to the Aggregate Quota Balance, SEHK will resume the Northbound buying service on the following trading day. Once the Northbound Daily Quota Balance drops to zero or the Daily Quota is exceeded during the opening call session, new buy orders will be rejected. However, as order cancellation is common during opening call auction, the Northbound Daily Quota Balance may resume to a positive level before the end of the opening call auction. When that happens, SEHK will again accept Northbound buy orders. It should be noted that buy orders already accepted will not be affected by the Daily Quota being used up and will remain on the order book of SSE unless otherwise cancelled by the relevant Exchange Participants. Details can be referred to the following table:

    Time when Daily Quota balance drops to zero or becomes negative Will buy orders be accepted again?
    During that session If subsequently the Daily Quota Balance>0
    09:10–9:15 (5-minute input period) No Yes
    09:15–9:25 (Opening Call Auction) Only if subsequently the Daily Quota Balance > 0 Yes
    09:25–9:30 (5-minute input period) Only if subsequently the Daily Quota Balance > 0 Yes
    09:30–11:00 (Continuous Auction - Morning) No No
    12:55–13:00 (5-minute input period) No No
    13:00–15:00 (Continuous Auction - Afternoon) No No

    Trading Arrangement

    In the initial stage of operation of Shanghai-Hong Kong Stock Connect, clients 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. Details can be referred to the following table:

      Mainland Hong Kong Corresponding Settlement Days of Transaction Northbound Trading Remarks
    Securities Money
    Monday Trading Day Trading Day Monday Tuesday Yes As corresponding settlement days are trading day & settlement services are available
    Tuesday Trading Day Trading Day Tuesday Wednesday No As Wednesday is HK holiday, no settlement service will be provided. Trading services will be closed on Tuesday
    Wednesday Trading Day Holiday --- --- No Hong Kong holiday, market closes
    Thursday Holiday Trading Day --- --- No Mainland holiday, market closes

    If a Northbound trading day is a half trading day in Hong Kong market, Northbound Trading will continue until SSE market is closed. The Northbound trading calendar will be available on HKEx website before launch of Shanghai-Hong Kong Stock Connect.

    Trading Information

    Foreign shareholding restriction and disclosure obligations on SSE Securities

    Other Information

    For other relevant information of SSE Securities, please refer to the page of Shanghai-Hong Kong Stock Connect.

    Overseas Security Trading Platform

    (Online version)

    US Securities – Trading Rules

    1. Markets
      New York Stock Exchange (NYSE) 及 NASDAQ Stock Market (NASDAQ)
    2. Trading Hours (HKT Monday to Friday)
      Summer 21:30 – 04:00
      Winter 22:30 – 05:00

      (Not applicable under special circumstances and during US Public Holidays )
    3. Settlement Currency
      USD
    4. Settlement Duration
      T+3
    5. U.S. stock trades transacted after the Hong Kong market close in the same trading day (T) will be reported as T+1 trades in daily and monthly statements.
    6. Before you place the order to purchase securities, you are required to deposit sufficient fund in the company. At present we do not provide online margin fund credit services.
    7. You can contact our customer service via phone or utilize the online trading system to give order instructions. After an order is placed on the trading platform, you can call our customer service to amend or cancel that order instruction. Any transaction concluded via customer service will be charged a commission according to company’s standard rates. Any order instructions placed via customer service will be reflected on the trading platform in real time, you can amend or cancel that order in the same way before the transaction is executed.
    8. The commission, levy, and trading fee would not be deducted from your cash balance in trading account, until the next trading day and before 7:00 pm (HKT).
    9. Please refer to the User Guide for the functions of the trading platform.
    10. If you have forgotten your login password to the trading platform, please contact our Customer Service Department at (852) 2919 2919. We will reset your password and send it to you in a sealed envelope by post.

    U.S. Market Real-Time Price Quote Service

    1. Annual service fee (USD 36) OR a service fee calculated on pro-rata basis (USD 3 per month) will be debited from your securities account in advance on the date of service activation (and the first working day of each subsequent calendar year).
    2. For termination of service, service fee refund will be calculated within 1 month after termination notification, and the calculation is on a monthly basis.
    3. To terminate US market real-time quotation service, please notify ESL in writing at least 7 working days before the next service period start (i.e. before each calendar year end cut off day). Otherwise, your access to our US Market Real-Time Price Quote Service will be renewed automatically on a yearly basis.

    Upon termination of U.S. stock online trading service, the U.S. Market Real-Time Price Quote Service will also be terminated accordingly.

    Stock Options Trading

    Stock markets worldwide have become more volatile in recent years. With stock options, investors can enjoy the benefits of leveraging, hedging their risks and having access to a wide variety of investment products. Our online stock option trading platform enables investors to preserve and maximise the returns of their investment portfolio easily and cost‐effectively. Investors are able to freely implement different investment strategies as they wish.

    Please click here for installation instructions

    Login to the platform

    After installing the Platform, click on the "sptrader" icon on the desktop sptrader Then log in to the Platform as instructed below.

    sptrader
    Domain: "220.241.155.41" or "so.emperorcapital.com"
    User: Please enter your User ID
    Password: Please refer to the password listed at the bottom of your email

    Stock Options – Notes on Trading

    1. Trading Hours:
      AM Session: 9:30 AM- 12:00 noon
      PM Session: 1:00 PM- 4:00 PM
    2. You may contact your broker or use the online trading system to execute buy or sell orders.Once you have placed an order on the trading platform, you may contact the broker to change or cancel the unfinished transaction instructions. However, once a trading order has been acknowledged and agreed upon, it may not be modified or cancelled.Once transactions are completed through the Customer Service Department, commission will be charged in accordance with the Company’s standard rates.Trading transactions placed through the Customer Service Department will also be displayed on the trading platform. You may also change or cancel these transactions prior to the completion of the instruction.
    3. The total cash amount on your online trading platform is shown without commission, transaction cost and transaction levy deductions until before 9:00 am of the next trading day.
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