HKEX launched Order Routing Service on Integrated Fund Platform

The move addressed some long-standing operational challenges.

Hong Kong Exchanges and Clearing Limited (HKEX) launched the Order Routing Service that connects fund distributors and transfer agents on its Integrated Fund Platform (IFP).

The new service is based on the Fund Repository system and helps transform the fund order placement process into a seamless and integrated system.

Supported by the data network from Shenzhen Stock Exchange, the service promotes better efficiency and collaboration across the fund distribution network by enhancing communications between fund distributors and agents.

IFP also welcomes an initial cohort of 33 distributors, transfer agents and fund houses.

The next phase of IFP includes the provision of nominee services, facilitation of payments and settlement, subject to regulatory approval.