Hong Kong Inventory Trade launches settlement platform powered by sensible contracts

Hong Kong Exchanges and Clearing Restricted (HKEX), the operator of The Inventory Trade of Hong Kong, Hong Kong Futures Trade, and London Metallic Trade, is launching a novel equities settlement acceleration platform. Dubbed “Synapse,” the platform will make the most of sensible contracts within the DAML programming language to streamline post-trade flows and improve operational efficiencies, in accordance with the October 4 announcement.

Synapse might be deployed on Inventory Join, an HKEX channel that allows worldwide buyers to entry greater than 1,000 Mainland Chinese language shares by way of routing in Hong Kong. “Common day by day turnover of Northbound Inventory Join totalled RMB109.3 billion within the first half of 2023, up 5 per cent from a 12 months earlier, and a 50 per cent enhance from 2020 ranges,” builders wrote.

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