HKEX outage zapped key hedge; now banks push for rule change
Dealers seek shutdown of CBBC market if futures go dark
It took markets by complete surprise. Not long into the trading day on September 5 what appeared to be a small glitch in the futures trading platform of the Hong Kong Exchange turned out to be a lot more serious, making it tough for issuers to price listed products fairly.
Unable to quickly fix a software bug that emerged during the morning of that Thursday, HKEX had no option but to suspend
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