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Shanghai Stock Exchange to run test after transaction delay

Byadmin

Sep 28, 2024


China’s Shanghai Stock Exchange will run tests on its auction and various other platforms on Sunday, the state-run Securities Times reported on Saturday, a day after an unexplained transaction delay.

Friday’s delay on trades at the benchmark Shanghai Composite Index coincided with a Chinese stock rally that followed official announcements of a slew of monetary, liquidity and fiscal stimulus this week.

All market participants can participate in Sunday’s test, which will seek to identify issues with processing a large number of orders during the auction process, the report said. The test will simulate a normal day’s trading and clearing.

A Shanghai Stock Exchange official confirmed that a notice about the test had been sent to brokerages and some other market participants, but was unwilling to share it with Reuters. (Reporting by Joe Cash and Shanghai newsroom; Editing by Helen Popper)

By admin