Market access

HKEX Launches New Market Access Platform for Securities Trading

“The launch of OCG-C underscores HKEX’s commitment to leveraging the latest technologies to create reliable, resilient and efficient platforms and processes.”

Hong Kong Exchanges and Clearing Limited (HKEX) has launched Orion Central Gateway – Securities Market (OCG-C), offering improved performance and reduced latency, compared to the platform provided by the vendor it replaces.

The new market access platform for the Hong Kong securities market is fully integrated with HKEX’s securities trading system, Orion Trading Platform – Securities Market (OTP-C).

The launch of OCG-C aims to modernize and improve HKEX’s market infrastructure, ensuring its resilience and guaranteeing its competitiveness.

The centralized access point allows exchange participants to connect their order management systems to the HKEX securities trading platform.

Calvin Tai, President and COO of HKEX, said, “The launch of OCG-C underscores HKEX’s commitment to leveraging the latest technologies to create reliable, resilient and efficient platforms and processes. We look forward to continuing to invest in our technology and market infrastructure as we strengthen our leadership role in shaping global financial markets. »

The Orion Central Gateway – Securities Market (OCG-C) was deployed on Monday and will observe a two-week stabilization period, during which backup procedures will be in place.

HKEX will provide details separately. The Exchange will return to the original trading gateway on the next trading day in the unlikely event of an OCG-C outage or other eventuality.

After the deployment of the OCG-C, the implementation of phase 2 will begin. The technical specifications of the new and improved features are already available in the corner dedicated to the OCG-C project. More details on the implementation of phase 2 will be announced in due course.

Earlier this year, HKEX took a minority stake in China’s fledgling futures exchange to become the first offshore entity to own a share of a mainland exchange.

The company bought a 7% stake in Guangzhou Futures Exchange (GFE) for 210 million yuan ($32.5 million), which will be the first to be run as a company with private shareholders, in line with operators global stock exchanges.

The deal comes against the backdrop of Beijing’s experiment with so-called mixed ownership reform, bringing private capital into previously state-dominated sectors.

China has stock exchanges in Shanghai and Shenzhen and four futures exchanges: Shanghai Futures Exchange, Zhengzhou Commodity Exchange, Dalian Commodity Exchange and China Financial Futures Exchange, but all are fully owned and controlled by the state. Each of these four futures exchanges has taken a 15% stake in the new exchange, meaning it will still be majority state-owned.