Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKEx Upgrades AMS/3 Capacity

Date 28/12/2005

Hong Kong Exchanges and Clearing Limited (HKEx) today (Wednesday), implemented a capacity upgrade for its securities trading system, the Third Generation Automatic Order Matching and Execution System (AMS/3).

The upgraded system supports a higher order throughput and improves order execution, the update of prices and the response time for order input, particularly at market opening.

The $25 million project was rolled out following an extensive series of testing, including market rehearsals with Exchange Participants.

"The upgrade is part of our commitment to improving market infrastructure and ensuring the highest standards of system performance," said HKEx Chief ExecutivePaul Chow. "I am confident that more efficient trade execution will better serve both Exchange Participants and investors," Mr Chow added.