Market Infrastructure

HKEX introduces settlement acceleration platform for Stock Connect programme

The platform, HKEX Synapse, is aimed at adhering to mainland market’s T+0 settlement cycle and will begin testing in 2021 with pilot users for deployment targeted in first quarter of 2022.

Hong Kong Exchanges Clearing has introduced a new settlement acceleration platform called HKEX Synapse for its electronic trading platforms with exchanges in mainland China.

The HKEX Synapse is intended to help institutional investors participating in Northbound Stock Connect, the trading link that allows international investors to buy mainland Chinese equities via the Hong Kong stock exchange, to better manage their post-trade operations across different time zones, the HKEX said in a statement on Tuesday. In particular, it will help with regard to adhering to the mainland securities market’s T0 settlement cycle, or the same day of the trade.

It is an optional platform that is expected...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222