SFC eyes instant messaging schemes

Hong Kong's securities regulator is considering allowing stocks traders to use instant messaging applications, such as WhatsApp, to place orders.

Tracy Hu

Wednesday, April 04, 2018

Hong Kong's securities regulator is considering allowing stocks traders to use instant messaging applications, such as WhatsApp, to place orders.

Securities and Futures Commission executive director Julia Leung Fung-yee told the Legislative Council's panel on financial affairs meeting yesterday that the commission is now consulting financial practitioners and it may introduce guidelines soon.

Commenting on opening of remote accounts, she said the practice, which uses biological characteristics for identity verification, should be based on a trusted database, especially for cross-border traders.