The Hong Kong Futures Exchange (HKFE) said today that it has sent an analysis of the 31 July simulated trading test of its HKATS electronic trading system to its Members. (A copy of the Member Circular accompanies this press release and the Circular has been posted on the HKFE's website: hkfe.com, under "Membership".)

The analysis confirms preliminary findings that showed HKATS performed as designed at over 4-times normal market activity for Hang Seng Index Futures and Options and 3-times the historical peak during the 31 July test.

The Exchange plans to conduct another simulated trading test on HKATS. After the test results are compiled, the Board will meet to review those results along with the results from the 31 July test.

The Hong Kong Futures Exchange is a leading futures and options marketplace in the Asia Pacific Region, with a membership of over 130 companies, including a number of major international institutions. The Exchange is actively diversifying its product base, which now includes currency, interest rate and equity-based products.

For further enquiries regarding this press release and the Member Circular, please contact HKFE Corporate Communications: Mr. Mark Tung on 2842 9448 or Ms. Chiu Yeung on 2842 9322.