HKEX Launches Synapse, A Settlement Acceleration Platform for Stock Connect

Hong Kong Exchanges and Clearing Limited (HKEX) has announced the launch of HKEX Synapse, an integrated settlement acceleration platform that aims to improve market efficiency and transparency. Synapse, which will be launched on October 9, 2023, utilizes DAML smart contracts to standardize and streamline post-trade workflows, reducing settlement risks and enhancing operational efficiencies. It is part of HKEX’s commitment to the development of Stock Connect, a mutual market access program connecting Mainland Chinese and Hong Kong markets. Synapse eliminates sequential processes, providing real-time visibility and insights into the settlement process for all market participants. It will support institutional investors participating in Northbound Stock Connect and will be linked with The Depository Trust & Clearing Corporation (DTCC) to streamline trade confirmation and settlement notification processes. HKEX aims to build a stronger ecosystem and embrace new technologies that benefit its markets and customers.



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