HK Internet Trade Debut Sees 9,500 TransactionsHong Kong Exchanges and Clearing's Internet trading debut last Friday saw about 9,500 online transactions, representing 9.69 percent of Friday's 98,000 transactions, "South China Morning Post" quoted an exchange official as saying on November 14.The Internet trading services, offered by 32 brokers, will allow investors to place orders to the exchange trading system directly from their personal computers or mobile phones. Other investors used the traditional system, calling their brokers by telephone and asking staff to input the orders manually. Compared to its overseas counterparts, Hong Kong is experiencing slower Internet trading development. In South Korea and the United States, for example, some 60 percent and 40 percent of the trading activities, respectively, are conducted online. Local brokers pointed out that February's launch of the common online trading platform for the third generation of the Automatic Order Matching and Execution System (AMS/3) system will allow 200 more brokers to offer Internet trading. |
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