HKEx Suspends Trading in Derivatives Citing Software Issues

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By Denise Jia / Sep 06, 2019 03:31 AM / Finance

Photo: VCG

The operator of Hong Kong stock exchange said software issues led to a suspension of trading in derivatives Thursday afternoon.

Hong Kong Exchanges and Clearing Ltd. (HKEx) suspended afternoon trading and after-hours sessions of its derivatives market at 2 p.m. local time, citing connectivity issues in its automatic trading system, the exchange said in a press release. The regular session closes at 4:30 p.m., while after-hours trading lasts from 5:15 p.m. until 3 a.m. the following day.

The HKEx confirmed that the problems were caused by software issues in the vendor-supplied trading system. The exchange said it’s currently working with the vendor to resolve the issues but didn’t say when trading would resume.

All other markets operated normally, the exchange said.

The Hong Kong stock market closed down Thursday after a strong rally Wednesday. The Hang Seng Index declined 0.03% to 26,515.53.

Contact reporter Denise Jia (huijuanjia@caixin.com)

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