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The Stock Exchange Of Hong Kong Introduces Additional Broker Supplied Systems

Date 06/12/2000

The Stock Exchange of Hong Kong will introduce additional Broker Supplied Systems (BSS) of AMS/3, the Third Generation Automatic Order Matching and Execution System, on 8 December (Friday) and 15 December (Friday). This follows the successful introduction of the pilot batch of BSS last month.

Eight Exchange Participants have confirmed their BSS and operations are ready for introduction on 8 December (please see attached list). The Stock Exchange will announce the Exchange Participants who confirm their BSS and operations are ready for rollout on 15 December in due course.

BSS are trading facilities developed by Exchange Participants or vendors that enable Exchange Participants to provide electronic trading services to investors through the Internet, mobile phones, and other electronic channels. Investors should note that the service levels of brokers' BSS may vary.

The Stock Exchange is introducing the first batch of Multi-workstation Systems (MWS) of AMS/3 over a two-week period that started on 4 December. MWS are trading facilities offered by the Stock Exchange that enable more than one person to trade using a single trading facility. MWS also enable Exchange Participants to provide additional services to their clients such as automatic notification of trade results. In addition, Exchange Participants can use MWS and the Order Routing System (ORS), which is expected to be introduced in the first quarter of 2001, to provide electronic trading services to investors through the Internet, mobile phones and other electronic channels.