Hyannis Port Research (HPR), provider of advanced capital markets infrastructure (CMI) technologies, today announced the expansion of its award-winning market access platform to include support for the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connects.
With the move, HPR becomes the first firm to provide trading access through the platforms using an ultra-high-performance pre-trade risk gateway.
HPR’s platform includes its two pre-trade risk products for low latency market access: Riskbot® and Softbot®. Both provide over 50 highly customizable risk parameters, ranging from pre-trade fat-finger checks to full organization-wide portfolio risk checks. Approximately 15% of the Australian market’s equity volume and 10% of the US market’s equity volume is handled by the two products.
“The two stock connects have become vital components of Asian equity market structure, enabling investment capital to flow between China and the international community like never before,” said HPR CEO Anthony Amicangioli. “By extending our platform to cover these two routes, we allow investors to leverage a world-class market access platform that provides unmatched levels of risk management, performance and stability.”
Launched in November 2014 and December 2016, respectively, the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect schemes allow international and mainland Chinese investors to utilize their trading and clearing facilities while trading securities in each other's markets. According to the Hong Kong Stock Exchange, the two connects are responsible for 7.17% of total HKEx equity turnover, a figure that has steadily risen over the last four years (see stats here). Earlier this month, China A shares were added to MSCI’s Emerging Markets Index, a move many industry observers expect will increase the attractiveness of the two platforms.