HKEX to Introduce New Post-Trade Services on Orion Cash Platform

Hong Kong Exchanges and Clearing Limited (HKEX) announced a multi-year enhancement programme for its cash equities market’s post-trade services through the Orion Cash Platform (OCP), starting in mid-2025. Key upgrades include real-time trade data processing, automated post-trade reporting, and settlement instruction matching, with technical readiness for a T+1 settlement cycle by year-end 2025. HKEX CEO Bonnie Y Chan emphasized the initiative’s role in strengthening Hong Kong’s position as an international financial center through modernized, efficient infrastructure. HKEX will engage market participants and stakeholders throughout the platform’s rollout, complementing its existing Central Clearing and Settlement System (CCASS).

Resources: https://www.hkex.com.hk/News/News-Release/2024/2412122news?sc_lang=en