Orders boost for brokers

PUBLISHED : Thursday, 21 March, 2002, 12:00am
UPDATED : Thursday, 21 March, 2002, 12:00am

In a bid to boost volume, Hong Kong Exchanges and Clearing will allow brokers to increase the number of orders they put through their computer connection to the exchange trading system. At present, brokers can send one order per second to the exchange. Under the new scheme, brokers can pay a one-off charge of HK$100,000 plus a monthly fee of HK$1,200 for each additional order per second.