Hong Kong Exchanges and Clearing (HKEx) has introduced its order routing system (ORS) infrastructure and online trading service. ORS is part of AMS/3, a third generation automatic order matching and execution system designed to facilitate direct automated trading over new electronic channels including mobile phones.
ORS enables investors to place stock market orders through Hongkong Post's PKI-based Internet order placement at the HKEx Web site, as well as mobile phones and other electronic channels developed by proprietary network system (PNS) vendors.
Initially, five PNS vendors have agreed to support ORS: HK Stock, iAsia Technology, New World Mobility, Reuters and Tigerex Hong Kong.
Twenty-one stock exchange participants have joined the rollout of ORS and the HKEx online trading service and over 80 others have expressed interest in joining later.