Clearing Service Securities

HKFE launched on 6 May 1986 its flagship product, the HSI Futures, which is still its most popular futures product in HKEX’s derivatives markets today. HKFE provides efficient and diversified markets for trading futures and options contracts by its more than 160 participant organisations, including many that are affiliated to international financial institutions. The derivatives market under HKEX trades a broad range of products, including equity index, stock and interest rate. Commenters also raised concerns regarding the speed with which a counterparty would be required to provide funding.

For complete information about, and access to, our official publications and services, go to About the Federal Register on NARA's archives.gov. LCH Ltd partners with market participants globally to offer clearing services for a diverse range of asset classes, including Equities, Fixed Income, FX, Rates and Repos. Our SwapAgent service extends many of the operational benefits that clearing delivers to the bilateral market. When combined with the flexibility of our 'open model' model, LCH continues to set the standard for choice and efficiency in the marketplace. As one of the original commission-free trading platforms, Firstrade saw an opportunity to serve self-directed investors with a full suite of products and research tools before it became an industry trend. Today, Firstrade and Apex work together to power an award-winning online trading experience with lightning fast execution for serious investors.

So we designed the Apex platform to facilitate the relationship between you and your customer – not dictate it. We don’t force pre-packaged solutions or off-the-shelf solves. Instead we provide customizable tools and technology that enable your customers to save, spend and invest their assets in a completely original model of your design. Needs to review the security of your connection before proceeding.

I/We do hereby consent that SNBL may share my/our Know Your Customer related information, with any SBP/SECP regulated entity including Central Depository Company of Pakistan and/or National clearing company of Pakistan Limited in adherence to the applicable laws, rules and regulations under legal obligations. Computers were integrated on 2 April 1986, which has helped modernise the system. In 1993 the exchange launched the "Automatic Order Matching and Execution System" that was replaced by the third generation system (AMS/3) in October 2000. Systems as such were added to meet the increased popularity of online stock trading. Reports of securities trading in Hong Kong date back to the mid-19th century. However, the first formal market, the Association of Stockbrokers in Hong Kong, was not established until 1891.

If the deal had gone through, the combined exchange would have been the world's third largest after the New York Stock Exchange and NASDAQ in terms of the total value of the companies on the exchanges. A second exchange, the Hong Kong Stockbrokers' Association was incorporated in 1921. The two exchanges merged to form the Hong Kong Stock Exchange in 1947 and re-establish the stock market after the Second World War. Rapid growth of the Hong Kong economy led to the establishment of three other exchanges - the Far East Exchange in 1969; the Kam Ngan Stock Exchange in 1971; and the Kowloon Stock Exchange in 1972.

The Commission believes that the proposed changes are consistent with promoting robust risk management, in particular the management of liquidity risk presented to OCC. As a central counterparty and a SIFMU, it is imperative that OCC have adequate resources to be able to satisfy liquidity needs arising from its settlement obligations, including in the event of a Clearing Member default. The Commission believes that approving these changes would give OCC greater flexibility to obtain additional liquidity resources in the form of commitments under the Non-Bank Liquidity Facility. Therefore, the Commission believes that the Advance Notice could increase OCC's access to liquidity resources, which in turn would strengthen OCC's overall ability to manage its liquidity risk exposures. As such, the Commission believes that the proposal would promote robust liquidity risk management at OCC consistent with Section 805 of the Clearing Supervision Act.