Buy-side, sell-side collaborate on e-trading template

In a rare act of cross-industry collaboration, buy-side traders and sell-side brokers have created a standardised due-diligence process to comply with incoming electronic trading rules in Hong Kong. Members from five industry lobby groups published their new “e-trading information template” on their websites this week following months of discussions. It comes after the city’s Securities and Futures Commission (SFC) unveiled controversial rules this March requiring intermediaries…