- HKEX one of the world’s major exchange groups, and operates a range of equity, commodity, fixed income, and currency markets
- HKEX to Introduce Synapse, a Settlement Acceleration Platform for Stock Connect
- Using DAML smart contracts, HKEX Synapse will standardise and streamline the post-trade workflows of Northbound Stock Connect
- Asset managers, brokers, global custodians, local custodians, and clearing participants will all benefit from the improved connectivity
- HKEX is partnering with The Depository Trust & Clearing Corporation (DTCC) to link HKEX Synapse to DTCC’s Institutional Trade Processing (ITP) services
- HKEX Synapse able to simultaneously create settlement instructions and provide status updates to all parties along the settlement chain