Hong Kong braced for new rules

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.

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