Friday June 19 2026
News Source: Global Exchanges
Focus: Derivative Market Segment
Type: General
Country: Hong Kong
On 18th June 2026, Hong Kong Exchanges and Clearing Limited (HKEX) and the Hong Kong Monetary Authority (HKMA) announced a joint pilot project to explore a new digital payment solution for the After-Hours Trading (AHT) session in the derivatives market.
This initiative aims to enhance Hong Kong’s capital market and meet the growing market demand for AHT. In this connection, HKEX and the HKMA are exploring the use of e-HKD – a wholesale central bank digital currency (CBDC) operating on a 24/7 basis – for advance margin payments in the AHT session, enhancing the risk management capabilities of the derivatives market outside regular banking hours, whilst maintaining the existing operational workflows.
This pilot project will provide more flexibility and efficiency than the existing arrangement for advance margin payments. Currently, Clearing Participants (CPs) must submit advance margin deposit requests to HKFE Clearing Corporation Limited (HKCC) by 3:00 p.m. for funds to be counted for the subsequent AHT session.
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