Filed under Asia Legislation

Hong Kong braced for new rules

Posted by on Tuesday, December 10, 2013 · Leave a Comment 

Electronic trading receives an increasing amount of regulatory attention around the world with international regulations and standards, such as the US SEC’s Market Access Rule and System Compliance and Integrity, IOSCO’s Principles of Electronic Trading and the ESMA guidelines in Europe, all defining specific requirements for automated trading environments.

Hong Kong is now braced for the introduction of new rules, with the Securities and Futures Commission (SFC) setting new regulation around electronic trading which comes into effect on 1st January 2014.

As home to the sixth largest stock exchange in the world (by domestic market capitalisation), these new rules will have far reaching consequences, not only for the hundreds of Hong Kong domestic firms licensed by the SFC, but also for the international clients that use their trading services.

Hong Kong buy-side and sell-side firms are busy gathering information from each other, and from their technology providers, in order to update their processes and procedures to meet the January date.

Click here for an at a glance overview of the rule changes.

Leave A Comment

Copyright © 2018 Fidessa Group Holdings Limited. All rights reserved.

The information contained within this website is provided for informational purposes only. Fidessa will use reasonable care to ensure that information is accurate at the time it is made available, and for the duration that it remains on the site. The information may be changed by Fidessa at any time without notice. We also reserve the right to close the website at any time. No representation or warranty, expressed or implied, is given on behalf of Fidessa or any of its respective directors, employees, agents, or advisers as to the accuracy or completeness of the information or opinions contained herein or its suitability for any purpose and, save in the case of fraud, all liability for direct, indirect, special, consequential or other loss or damages of whatever kind that may arise from use of the website is hereby excluded to the fullest extent permitted by law. Any decisions you make based on the information in this website are your sole responsibility and information on the website should not be relied upon in connection with any investment decision.

The copyright of this website belongs to Fidessa. All other intellectual property rights are reserved.

Reproduction or redistribution of this information is prohibited except with written permission from Fidessa.