HKEX Welcomes Pilot Participants to HKEX Synapse
Source: HKEX
HKEX is pleased to welcome the first group of participants to join its pilot programme for HKEX Synapse ("Synapse"), HKEX’s new Stock Connect settlement acceleration platform.
As part of the pilot programme, market participants, including asset managers, brokers, custodians, and clearing participants, will take part in workshops and testing of Synapse, to familiarise themselves with the platform and understand how their own settlement operations infrastructure can efficiently integrate within the Synapse environment.
The programme will help to further enhance HKEX Synapse’s design and features, ahead of its launch, targeted for 2022.
In the first quarter of 2021, Stock Connect’s Northbound and Southbound average daily turnover reached record quarterly highs of RMB126.8 billion and HK$60.8 billion respectively.
In November 2020, HKEX announced its plans to launch Synapse, which uses DAML smart contracts to help institutional investors participating in Northbound Stock Connect to better manage their post-trade operations, in particular to meet the tight settlement cycle of China’s securities market.
First, please LoginComment After ~