HKEX to Launch Digital Payment Solution for After-Hours Trading of Derivatives in December

The Hong Kong Stock Exchange (HKEX) will launch a new digital payment solution on December 14 to facilitate the settlement participants in making pre-deposit payments during after-hours trading sessions in the derivatives market. This service is based on a collaborative initiative between HKEX and the Hong Kong Monetary Authority (HKMA) to explore the use of the digital Hong Kong dollar for pre-deposit payments during after-hours trading sessions. Eligible clearing participants of the Hong Kong Futures Clearing Company can submit pre-deposit applications from 5:00 PM to 1:30 AM to ensure that funds are available for the corresponding after-hours trading sessions. This payment window will serve as a supplement to the existing payment arrangements, helping settlement participants manage their position limits more flexibly outside of regular banking hours.

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