Hong Kong Exchanges and Clearing Limited (HKEX) announced the launch of Master Special Segregated Account (Master SPSA) service today as service enhancement to support Stock Connect, HKEX’s landmark mutual market access programme with the Shanghai and Shenzhen stock exchanges.
Master SPSA will facilitate more efficient pre-trade checking of Northbound sell orders and average pricing execution at the fund manager level.
HKEX’s Head of Markets Wilfred Yiu said
As a service enhancement to support Stock Connect, Master SPSA aims to address the market demand for more efficient pre-trading checking and provide added benefit and convenience for institutional investors and market participants.