25 February 2018
Visit www.capgemini.com/worldreports

HKEx to launch next generation central clearing and settlement system

14 May 2002  |  3755 views  |  0 HKEx to launch next generation central clearing and settlement system

Hong Kong Exchanges and Clearing Limited (HKEx) has set 16 May as the launch date for phase one of CCASS/3, the next generation of the Central Clearing and Settlement System, following successful market testing.

Under the phase one roll out, CCASS participants and their designated banks will be gradually migrated from the existing CCASS network and terminals to the new CCASS/3 network and CCASS/3 terminals. The migration will occur in batches on 16, 21 and 24 May.

The migration will be followed by a two-week stabilisation period, during which time the existing CCASS network and terminals will be on standby to ensure participants have access to CCASS at all times. Phase one is scheduled to be completed on 7 June.

Subsequent roll out stages will involve functional infrastructure upgrades and the introduction of a participant gateway. The upgrades will include the introduction of multiple-market and different settlement cycle capability.

Kwong Ki-chi, HKEx's chief executive, says: "The open-interface architecture of CCASS/3 will give us more flexibility to quickly respond to changing market demands. CCASS/3 will also be able to support more regional and global products with different features and settlement periods. It will improve the operational efficiency of our market and market participants, and help strengthen Hong Kong's position as a major regional and international financial centre."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

HKEx upgrades AMS/3 trading network

HKEx upgrades AMS/3 trading network

10 May 2002  |  3470 views  |  0 comments
HKEx and Wilco in outsourcing joint venture

HKEx and Wilco in outsourcing joint venture

07 May 2002  |  3190 views  |  0 comments
Computershare and HKEx merge share registration businesses

Computershare and HKEx merge share registration businesses

26 April 2002  |  2879 views  |  0 comments
HKEx invests in BondsInAsia

HKEx invests in BondsInAsia

27 March 2002  |  2521 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit https://www.capgemini.comVisit www.vasco.comvisit www.swift.com/your-needs/instant-payments

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
12667 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10832 views 4 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
9331 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8692 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
8636 views comments | 11 tweets | 14 linkedin

Featured job

Find your next job