The Hong Kong Futures Exchange (HKFE) said today that it has scheduled a Members' Briefing for 14 September to review the results of this month's two simulated trading tests of its HKATS electronic trading system. The Exchange will also discuss business issues relating to the migration of Hang Seng Index (HSI) Futures and Options from open outcry trading to HKATS. And members of the Exchange's Migration Special Committee will be present at the briefing to address any matters raised by Members.

"The migration process is extremely important, and the Members' Briefing will be the next major step in the process after tomorrow's test and the analysis of the results," Acting Chief Executive William Grossman said. "Complete openness and transparency is our aim.

"Our staff have been making every effort to visit Members to answer any questions they might have about the test or the migration process," Mr Grossman added. "We are encouraging Members to share their views, and we are encouraging Members to participate in Tuesday's briefing."

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: Miss Chiu Yeung on 2842 9322.