Hong Kong brokers go live with proprietary AMS/3 systems

But not all of the members in the pilot group are confident enough to proceed.
The Stock Exchange of Hong Kong SEHK comes one step closer to straight-through processing of online trades on Friday 10 November as 33 brokers begin using their broker supplied systems BSS on SEHKs third generation Automatic Order Matching and Execution System AMS3.

But eight of the 41 brokers from the pilot group that have spent months testing and retesting their systems, are still not confident enough to join this first batch.

Henry Law, spokesperson for the exchange, says that these eight brokers, and possibly some more that werent in the initial pilot group, will be rolling out their systems in a second batch four to six weeks from now.

BSS...

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