Shanghai Stock Exchange puts its new trading system into operation

Shanghai Stock Exchange puts its new trading system into operation

08/12/09

The new trading system of the Shanghai Stock Exchange (SSE) was officially put into operation yesterday after smoothly going through with its two-week trial run on December 4. The original trading system retired after the returning-back period.

Under the guidance of the China Securities Regulatory Commission and through the joint efforts of all market participants, the SSE new trading system started its trial run after its successful launch on November 23, 2009. The smooth launch of the new system, an overall facelift to the existing one by the bourse, will remarkably improve the system's matching efficiency and ability and strengthen its safeness and reliability. The new system, a booster of the bourse's core competitiveness, will ensure a strong technical support for the construction of the SSE into a world-class exchange.

It is learnt that the new system boasts a peak order processing rate of 80,000 orders per second, with an average order delay 30% shorter than the current one. The system's daily bilateral volume of not less than 120 million orders is equivalent to the daily volume of RMB1.2 trillion on a single market and quadruples the maximum peak value ever recorded in the bourse, with a capability of parallel expansion. Moreover, the system, technically more reliable, is capable of ensuring the steady operation under the circumstance of peak data flow.

In addition, the system lays a solid foundation for the SSE's exploration into international business by ensuring easier access to its technical interfaces for all participants at home and aboard. Meanwhile, the new SSE system taps a new channel to the future upgrading of technical systems of its members and other market participants and acts as an ideal platform to support the bourse's simulated transaction business, custody business, and multi-variety-and-platform business in the future.

According to the announcement published by the SSE today, the system, with efforts of all market participants, wound up its trial run on December 4. In other words, it will be officially put into operation today, with its predecessor retired saying farewell to its users.

The SSE extended thanks to its member units, fund management companies, relevant market participants and investors for their support and cooperation in the adoption of the new system, and said that it would continuously devote itself to the infrastructure construction of the securities market to optimize trading system, strengthen technical management and improve technical service.