Hong Kong Exchanges and Clearing Limited announced today (Tuesday) that it would increase the size of the maximum order in its securities trading system, AMS/3 (Third Generation Automatic Order Matching and Execution System), from Monday, 26 March this year to 3,000 board lots from the current 600.

“The increase is based on our discussions with Exchange Participants (EPs) and the objective is maintaining market efficiency,” said HKEx Chief Operating Officer Gerald Greiner. “EPs have reported an increase in large orders, which often have to be divided into several orders due to the current maximum order size.  The larger maximum will help reduce the workload of EPs and enable AMS/3 to process large orders more efficiently.”

Exchange Participants have been reminded to ensure their systems and staffs are prepared for the change.