Global Products Hotline: (852) 3890 0638
American Stock Exchange (the NYSE AMEX Equities)
Acquired by the New York Stock Exchange in October 2008 with more than 500 companies listed today, American Stock Exchange shares essentially the same trading place and trading methods as that of NYSE Euronext, yet most of the listed companies here are small to medium sized enterprises for which the share price is therefore lower, the trading volume is smaller and the market liquidity is lower.
The U.S. sets the global economic benchmark
The U.S. is the largest economies in the world with its world-leading Gross Domestic Product per capita of over US$40,000, widely regarded as one of the richest and most developed countries in the world. Its influence to every main financial market in the world is prominent.
More Investment options
Most of the Fortune 500 enterprises, such as Coca-Cola (KO), Exxon Mobil Corp. (XOM), Wal-Mart (WMT)…etc., are listed in the U.S. markets. Investors with an optimistic view to the prospects of blue-chips companies can choose to invest in the U.S. stocks.
Lower capital barriers of entry
The U.S. market are privileged with trading freedom of its stock market as well as diverse selections of financial products to choose from. Moreover, the U.S. stocks do not have limitations on its price fluctuations, providing greater rooms for short-term trading operations. Furthermore, that there is no minimum share trading quantity for each U.S.stock trade, thus the capital barriers of entry are low since trading just one unit of the U.S. stock can also be accepted.
|1. Existing securities margin account holders are required to fill in the W8-BEN form to us in order to activate the U.S. stock trading service.|
|2. Apart from stock brokerage fees, ADR custodian fees and dividend taxes would also be payable for the U.S. stock trading. For details please refer to "Fee Table for Global Securities".|
|3. Summer (Winter) trading time – Hong Kong Time 21:30(22:30) – 04:00(05:00)|
|4. Orders of the U.S. stock orders can be placed starting from Hong Kong Time 16:00 (Summer) / 17:00(Winter)|
|5. There is no minimum share trading quantity for U.S. stocks trading, that means the minimum trading quantity of U.S. stock is one unit of share.|
|6. The settlement currency for U.S. stock trades is US Dollars (USD).|
|7. The U.S. stocks are settled on Day T+2|
|8. Margin financing service is available for the U.S. stock trading.
Account debit interest: Interest rate for margin account is 4.78%p.a., and the interest rate for Cash account is 5% on top of the prevailing HKD Prime Rate (i.e. P+5% p.a.). All interests are denominated in USD.
Please visit our website for the table list of the U.S. stock margin ratios – [Securities] [U.S. stock margin financing ratio table]
|9. No physical stock deposit or withdrawal service available.|
|10. Short-selling service of the U.S. stocks is not available.|
Telephone: (852) 3890 0638