HKEx Delays Launch of Derivatives Clearing
EXCHANGE TECHNOLOGIES
HONG KONG--The Hong Kong Stock Exchange (HKEx) has delayed the launch of its Derivatives Clearing and Settlement System (DCASS) until "early in the second quarter of this year," according to a recent report released by exchange officials.
Officials had expected the clearing and settlement system to be live by the end of this month.
"The slight shift in the time-table allows more time for the market to get ready for the DCASS launch," an exchange spokesperson tells TTW. However, the spokesperson
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