Thursday February 20 2014
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
On February 19, the Tokyo Commodity Exchange, Inc. (TOCOM) received authorisation to provide Automated Trading Services (ATS) from the Securities and Futures Commission (SFC), the regulatory authority in Hong Kong.
SFC sets standards for Exchanges outside of Hong Kong and rates operations and reliability. They grant authorisation to provide ATS to Exchanges that meet their standards. Exchanges authorised as ATS provider are permitted to provide direct market access to Member firms with SFC license within Hong Kong.
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