HK SFC, HKEX Trading System Rehearsal

Published on: Jun 26, 2025

On Jun. 23, HK SFC issued circular re annual rehearsal of HKEX 2025.

  • HK SFC issued circular about HKEX's annual rehearsal for trading system recovery.
  • Involves HKATS, OTP-C, OTP-CSC, CCASS, DCASS/ CCMS, OASIS, Orion data platform.
  • Follows HK SFC Aug. 2024 issued circular re annual rehearsal of HKEX, see #222772.
  • OTP-C and OTP-CSC Rehearsal
  • The rehearsal will cover the system recovery mode activate OTP-C, OTP-CSC backup system after TKO data center site failover to backup site under emergency situation.
  • All relevant regulated intermediaries (RRIs) must submit BCAN-CID mapping file and reporting forms to the data repository of the Stock Exchange of Hong Kong (SEHK).
  • RRIs who are also exchange participants (EPs) will practice BCAN tagging.
  • Before the rehearsal, EPs shall submit the notification form by Jul. 11, 2025.
  • After completion of the rehearsal, EPs shall submit the rehearsal evaluation reply form through electronic communication platform (ECP) during Jul. 21 to Jul. 23, 2025.
  • Other Rehearsal
  • HKEX provided rehearsal information package for CCASS, DCASS/ CCMS, and OASIS.
  • Participants are advised to read carefully the information package and coordinate with their IT teams and/or vendors for necessary preparation for the rehearsal.
  • Interested participants shall enrol the rehearsal via client connect by Jul. 11, 2025.
  • Effectiveness
  • The rehearsal will be conducted on Jul. 19, 2025.
Regulators
HK SFC; HKEX
Entity Types
B/D; Bank; Exch
Reference
Cir CT/091/25, MO/DT/143/25, OTCO/004/2025, PT/OEC/SEOCH/164/2025, PT/OEC/HKCC/163/2025, PT/SCS/CCASS/028/2025, 6/23/2025
Functions
BCS; Compliance; Financial; Legal; Operations; Outsourcing; Reporting; Technology
Countries
Hong Kong
Category
State
N/A
Products
Banking; Clearing; Derivatives; Futures; Securities
Rule Type
Final
Regions
AP
Rule Date
Jun 23, 2025
Effective Date
Jul 19, 2025
Rule ID
259583
Linked to
Reg. Last Update
Jun 23, 2025
Report Section
International