Hong Kong to combat fat fingers, rogue algorithms with trading limits
Any order that causes a stock to climb or drop more than 10% will be rejected, and a cooling-off period will begin
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Hong Kong
HONG Kong's markets regulator will back a plan to stop fat fingers and rogue algorithms from causing erroneous swings in the city's biggest stocks.
The Securities and Futures Commission will support Hong Kong Exchanges & Clearing Ltd's (HKEx) proposal to prevent individual equities from moving more than 10 per cent within a five-minute period. Under the planned change to HKEx's rules, any order that causes a stock to climb or drop more than 10 per cent will be rejected, and a cooling-off period will begin.
Share with us your feedback on BT's products and services
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
