Hong Kong Exchange and Clearing (HKEX) 
388 will develop an in-house derivatives platform offering 24-hour trading and new products as it aims to strengthen its position as a financial hub, the stock exchange operator announced on Thursday.
The Orion Derivatives Platform (ODP), being developed by HKEX’s technology team, will provide “enhanced trading and clearing capabilities” along with other risk management and efficiency tools, the statement said.
“The launch of ODP strengthens Hong Kong Exchange’s ability to support the needs of global investors and solidifies Hong Kong’s leading position as Asia’s risk management center and international financial center,” the Hong Kong Exchange said. said.
It added that the ODP platform is expected to be rolled out in 2028 and will be implemented in phases.
“This new platform… will help differentiate the group’s derivatives products and increase its competitiveness in the global derivatives market,” the stock exchange operator added.
Capital outflows made Hong Kong’s stock market the worst performer among major stock indexes last year, with India overtaking Hong Kong in terms of listed stock value.
Earlier this month, the city’s leader, John Lee, said authorities would consider additional measures to support the Asian financial hub’s securities market, which has been hit by a slowing Chinese economy and geopolitical tensions. He said he is doing so.
