SFC welcomes launch of Order Routing Service on Integrated Fund Platform
The Securities and Futures Commission (SFC) is pleased to welcome Hong Kong Exchanges and Clearing Limited's (HKEX) launch of its Order Routing Service on the Integrated Fund Platform (IFP) (Notes 1 and 2).
The launch of the Order Routing Service marks a key milestone in the development of the IFP as it will facilitate communication between market participants in the retail funds industry and can help promote greater collaboration across Hong Kong's fund distribution network.
“By enhancing the connectivity between various market participants, the Order Routing Service can help significantly improve the efficiencies of the fund distribution ecosystem. This is expected to contribute to cost optimisation in the fund sales chain, which will also strengthen the overall competitiveness of the Hong Kong retail funds market,” said Ms Christina Choi, the SFC's Executive Director of Investment Products.
The SFC appreciates the support from industry stakeholders for the initiative and will continue to work closely with HKEX and other related parties to bring about the full implementation of the IFP.
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Notes:
1.The IFP, as a new financial infrastructure, is part of the government's initiatives to foster co-development of fintech and the real economy in Hong Kong. Please refer to the SFC's press release dated 2 November 2023.
2.The IFP, which will operate on a business-to-business basis, is launched by a phased approach. The Fund Repository was launched in December last year, please refer to the SFC's press release dated 13 December 2024. The other services are expected to be launched subsequently. For details on the IFP and the Order Routing Service, please refer to HKEX's website.
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