Hong Kong Exchanges and Clearing Limited (HKEx) has completed its planned upgrade of the capacity and technology of AMS/3, the Third Generation Automatic Order Matching and Execution System, and will introduce the upgraded system for securities market use on 28 January (Monday) this year following successful completion of market rehearsals.
From 28 January, the system will be capable of processing up to 5 million trades per day
In addition to AMS/3, an upgraded Market Data Feed system for the securities market, with capacity to support 5 million trades per day, will also be introduced on 28 January.
The launch dates for both upgraded systems were set after the successful completion of two rounds of market rehearsals in which a large majority of the Exchange Participants (EPs) and all information vendors participated.
HKEx's market rehearsals provide EPs and inform
As a prudent measure, a two-week stabilisation period will begin with the rollout of the upgraded securities trading system. During the stabilisation period, special fallback arrangements will be in place in the unlikely event that there is a critical incident that requires the fallback to the previous version of the AMS/3.
HKEx is in the process of increasing the capacity of CCASS/3, the Next Generation Central Clearing and Settlement System, into alignment with AMS/3 and expects to introduce the upgraded CCASS/3 in March this year.