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Hong Kong Futures Exchange to introduce new surveillance system

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Why you can trust SCMP
Cathy Holcombe

The Hong Kong Futures Exchange (HKFE) plans to introduce a new surveillance system to prevent 'malpractices or manipulation' during extended trading hours.

The HKFE will open 15 minutes before and close 15 minutes after the stock exchange from tomorrow.

The change improves the HKFE's ability to compete with a new competitor product from Singapore, but opponents say the mismatched trading hours will open both markets up to manipulation.

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The Securities and Futures Commission requested the HKFE bring in extra surveillance measures when it approved the extended trading hours on Monday.

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