Can ‘Synapse’ by HKEX Revolutionize International Stock Trading in China? 🧐
Hong Kong Exchanges and Clearing Limited (#HKEX ) has introduced "Synapse," a groundbreaking equities settlement acceleration platform.
Utilizing smart contracts in the #DAML programming language, Synapse aims to streamline post-trade processes and boost operational efficiency.
This platform will be integrated with Stock Connect, enabling international investors to access over 1,000 Mainland Chinese stocks via Hong Kong. The platform will also connect to Hong Kong's Depository Trust & Clearing Corporation (DTCC) through its Institutional Trade Processing (ITP) service, facilitating cross-border transaction matching and automated settlement instructions.
This development comes amidst Hong Kong's evolving role as a #Web3 hub, but also in the shadow of a major crypto exchange scandal, highlighting the region's dynamic financial landscape.