Thursday April 18 2024

News Source: Global Exchanges

Focus: Derivative Market Segment

Type: General

Country: Hong Kong

Link: https://tinyurl.com/4tcp4w5b




On 18th April 2024, Hong Kong Exchanges and Clearing Limited (HKEX) announced the development of the Orion Derivatives Platform (ODP), offering enhanced trading, clearing and risk management capabilities.

The ODP platform will be built on a modular architecture, making it easier to introduce new products, enhance microstructure and add new capabilities to the market. ODP will offer enhanced trading and clearing capabilities to clients, including the potential of near 24-hour trading, additional order types, an industry-standard interface, as well as an enhanced testing and onboarding experience. It will also incorporate capital efficient risk management tools, such as the Value-at-Risk (VaR) model, to align clearing capitalisation methods with international practices.

HKEX will actively engage with market participants throughout the development process. The system migration will be carried out in a phased approach to ensure a smooth transition. The development of ODP is ongoing, with market rollout expected in 2028.

Click on the above link for further information