Hong Kong to Implement New Stock Trading System Next YearThe Hong Kong Exchanges and Clearing is expected to launch the new generation of stock trading system next year, South China Morning Post reported Tuesday.Seven full rehearsals will take place next month and the system will be installed over a three-month period from October if all goes well, according to the newspaper. The third generation of the Automatic Order Matching and Execution System (AMS/3), which costs 250 million HK dollars (32 million US dollars), will enable investors to place orders directly from their personal computers or mobile phones. However, the system will perform only basic trading functions during its three-month trial, when investors will benefit from faster executions than on the present trading system. AMS/3 allows single traders to be conducted in one second, compared with the 2.5 seconds on AMS/2 at present. The new system would be able to handle 200 transactions per second, against 75 using AMS/2. More functions will be added into the trial and 40 selected brokers will be allowed to trade via the Internet or mobile phone. |
| People's Daily Online --- http://www.peopledaily.com.cn/english/ |