HKEX Introduces Volatility Control Mechanism for its Securities Trading

[kreslik.news]

Hong Kong Exchanges and Clearing Limited (HKEX) is introducing its Volatility Control Mechanism (VCM), which acts as a measure designed to help protect market integrity through the prevention of fluctuations or extreme price volatility via trading errors.

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The VCM utility will look to shore up a number of potentially destabilizing incidents, including an array of potential episodic phenomena such as trading errors, glitches, or others. The function will be relegated to HKEX’s securities market, which will come into effect on August 22, 2016.

HKEX had originally proposed ... (read more)