Hong Kong goes slow on high-frequency

The world's largest exchange by market capitalisation is not rushing to court high-speed traders, its chief executive said

Hong Kong Exchanges and Clearing is not rushing to open its markets to high-frequency trading firms, despite their power to drive turnover in stocks and derivatives, according to the company's chief executive.

Rapid-fire electronic trading strategies "ultimately will come" to Hong Kong's markets, said HKEX chief executive Charles Li, but neither the exchange nor regulators are in a hurry to tweak the market's structure to accommodate them.

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