Grey Market
What is a Grey Market?
Grey market refers to the over-the-counter (“OTC”) trading of new shares (IPO) conducted on the trading day before the official listing after the market close. These transactions are matched through other brokerage firm’s systems and are not conducted through the HKEX system.
Price Feed in Grey Market
All users could enjoy free access to <Streaming Quote> and <Broker Queue>.
When is the Grey Market trading period?
| Full-day trading | 16:15 - 18:30 |
| Half-day trading | 14:15 - 16:30 |
What order types are available in Grey Market trading?
- Price Limit Order
- Market Order^1^2
^1 Maximum Buy/Sell Price: Nominal ±5 spreads, whichever is higher/lower
^2 Funds on Hold: 150% * Order Value
Commission Fee & Charge
Please click [here] for details.
How to place order on UTRADE Mobile and Web?
On UTRADE Mobile:
- Home → Quick Links → eIPO/Grey Market → Grey Market tab
- Menu → eIPO tab → Grey Market
On UTRADE Web:
- Home page → Click the <Grey Market> tab in the tab bar above the <Quotation> section
→ Once the check box is selected, order is traded through Grey Market.