Sat, Feb 28, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hong Kong seeks to add electronic trading regulations

Wednesday, August 29, 2012

Bailey McCann, Opalesque New York: Hong Kong's Securities and Futures Commission (SFC) issued a consultation paper on the regulation of electronic trading and has requested comments by September 24, 2012. According to the regulator, the purpose of the paper and proposed new regulations is to create a more comprehensive framework around electronic trading in Hong Kong. The SFC has been looking at ways to respond to growing activity in the Hong Kong market, some of the issues outlined in this paper including regulations surrounding high frequency trading were discussed by Hong Kong market participants at our recent Opalesque Hong Kong Roundtable.

According to a client alert from Hong Kong-based legal firm Deacons, the new requirements would apply to all banks, fund houses and brokers which use electronic trading systems or provide electronic trading systems to clients. Key new requirements outlined in the paper include making intermediaries responsible for orders and maintaining audit logs of those orders for at least two years. Risk management procedures and intervention procedures must also be in place to stop activities in the event of manipulative activities.

The paper comes on the......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  2. Adamas Asset Management and Ping An Insurance to co-manage $500m debt fund[more]

    Komfie Manalo, Opalesque Asia: Hong Kong-based Adamas Asset Management and Ping An Insurance Group, one of China’s largest financial institutions, have finalized a memorandum of und

  3. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie