E-trading body seeks SFC U-turn over risk controls

An industry body says it aims to work with Hong Kong’s securities regulator to raise understanding of the need for the incumbent exchange to take the lead in imposing risk controls against aberrant electronic orders. It comes after the Securities and Futures Commission rejected a controversial proposal by brokers that Hong Kong Exchanges and Clearing (HKEx) share responsibility for setting risk controls to guard against aberrant orders from e-connectivity through direct market acc…