PANews October 10 news, according to Cailianshe, Hong Kong Securities and Futures Commission Chief Executive Officer Julia Leung said on October 9 at the Asia Securities Industry & Financial Markets Association (ASIFMA) conference that Hong Kong is studying extending securities trading hours and will take the lead in implementing it in the derivatives market. Hong Kong Exchanges and Clearing Limited will publish a discussion paper in the fourth quarter on extending trading hours in the cash market. In addition, Hong Kong will shorten the settlement cycle to T+1, and HKEX will publish a consultation conclusion shortly. Julia Leung disclosed that the first phase of the measure to narrow bid-ask spreads launched a year ago covered 300 stocks, with bid-ask spreads narrowed by 38% and trade execution time shortened by 26%; preliminary results of the second phase showed spreads narrowed by about 30%. She pointed out that extending trading hours will be supported by measures such as tokenized
PANews October 10 news, according to Cailianshe, Hong Kong Securities and Futures Commission Chief Executive Officer Julia Leung said on October 9 at the Asia Securities Industry & Financial Markets Association (ASIFMA) conference that Hong Kong is studying extending securities trading hours and will take the lead in implementing it in the derivatives market. Hong Kong Exchanges and Clearing Limited will publish a discussion paper in the fourth quarter on extending trading hours in the cash market. In addition, Hong Kong will shorten the settlement cycle to T+1, and HKEX will publish a consultation conclusion shortly. Julia Leung disclosed that the first phase of the measure to narrow bid-ask spreads launched a year ago covered 300 stocks, with bid-ask spreads narrowed by 38% and trade execution time shortened by 26%; preliminary results of the second phase showed spreads narrowed by about 30%. She pointed out that extending trading hours will be supported by measures such as tokenized money and e-HKD settlement.