HKEX Defers Rollout of Anti-Volatility Mechanism to Later Date

[kreslik.news]

Hong Kong Exchanges and Clearing Limited (HKEX) today announced it will not put into place its Volatility Control Mechanism (VCM) – a measure designed to cool the market when there are abrupt price changes on some derivatives – which was scheduled to launch for Monday’s session.

HKEX deferred the rollout to a date to be determined later after fixing a technical bug related to certain Exchange Participants (EPs) that did not occur in the previous system tests.

HKEX had originally proposed its VCM in a past consultation paper after the G20 and the International Organization of Securities Commissions collectively issued guidance on ... (read more)