Hong Kong Regulations

LEVERAGED FOREIGN EXCHANGE TRADING (BOOKS, CONTRACT NOTES AND CONDUCT OF BUSINESS) RULES - SECT 20

Dealing practices

Caution: This is a past version. See the current version here.

(1) A licensed trader shall-

   (a)  disclose its trading hours to its clients, specifying the beginning
        and ending hours of a trading day; and

   (b)  display at each of its places of business a prominent notice which
        shows the information as specified in paragraph (a).

(2) A licensed trader shall quote both the bid and offer prices at the request
of a client.

(3) A licensed trader shall not quote a price for a contract without
specifying whether the price is, for a given quantity of contracts, a firm one
or merely indicative.

(4) A licensed trader quoting a price for a contract to any person shall
inform that person that the price given by it is available only for a limited
period of time and, where practicable, specify the time period in question.

(5) A licensed trader quoting a firm price shall deal at that price.

(6) All contracts shall be recorded in dealing slips which are time stamped.
(Enacted 1994)