Hong Kong’s Securities and Futures Commission is studying a plan to extend securities trading hours, with the derivatives market expected to be the first area where the change is introduced. Speaking on Oct. 9 at an ASIFMA conference, SFC Chief Executive Julia Leung said Hong Kong Exchanges and Clearing will publish a discussion paper in the fourth quarter on extending trading hours for the cash market. She also said Hong Kong will move to a T+1 settlement cycle, with HKEX set to release a consultation conclusion in the near term. Leung disclosed that the first phase of a tick-size reduction measure launched a year ago covered 300 stocks, narrowing bid-ask spreads by 38% and cutting trade execution time by 26%. Preliminary results from the second phase showed spreads narrowed by about 30%. She added that longer trading hours would be supported by measures including tokenized money and e-HKD settlement.
Hong Kong is studying an extension of securities trading hours, and the derivatives market will be the first place where the plan is introduced, according to remarks made by Securities and Futures Commission Chief Executive Julia Leung on Oct. 9 at an Asia Securities Industry & Financial Markets Association (ASIFMA) conference.
According to CLS, Hong Kong Exchanges and Clearing will publish a discussion paper in the fourth quarter on extending trading hours for the cash market. Hong Kong will also shorten its settlement cycle to T+1, and HKEX is expected to release a consultation conclusion in the near term.
Leung said the first phase of a tick-size reduction measure launched a year ago covered 300 stocks. Bid-ask spreads narrowed by 38%, while trade execution time fell by 26%. Preliminary results from the second phase showed spreads narrowed by about 30%.
She also said the move to longer trading hours would be paired with measures including tokenized money and e-HKD settlement.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
