The Hong Kong Securities and Futures Commission has issued new guidelines to facilitate licensed virtual asset trading platforms to connect with global Liquidity and expand diversified products and services.

Jin10 data reports on November 3rd that the Hong Kong Securities and Futures Commission (SFC) published two new circulars today, outlining the expected standards for operators of licensed virtual asset trading platforms in Hong Kong. This marks an important step in facilitating their access to global liquidity and expanding the range of products and services offered. One of the circulars states that the SFC allows platform operators to merge trading instructions with affiliated overseas virtual asset trading platforms into a shared order book. This move is under pillar A (Access) of the ASPIRe roadmap, where the SFC aims to attract global platforms, trading traffic, and liquidity providers as its first step. The next step for the Hong Kong SFC will be to explore the feasibility of allowing licensed brokers to transfer customer trading instructions to regulated overseas liquidity pools under the same group, and subsequently consider whether to further expand the relevant arrangements.