HKEx resumes trading after hacker attack
Technical glitch causes temporary suspension in trade of seven listed companies, trading resumes with no effect to the Hang Seng Index. August 11, 2011 | Timothy ShimShare trading on Hong Kong's stock exchange (HKEx) resumed this morning after trading in seven listed companies—among them financial services companies HSBC Holdings, Dah Sing Financial Holdings, and Dah Sing Banking Group—were suspended yesterday following what HKEx CEO Charles Li described as a "malicious attack by outside hacking." The suspension took place after documents of the affected companies sent to the website were not published. The suspension has supposedly not affected the calculation of the Hang Seng Index, according to director and general manager at Hang Seng Indexes, Vincent Kwan, and most of the affected companies have resumed trading already. Such a suspension of companies so heavily weighted in the index is rare. HSBC alone makes up 15% of Hang Seng Index, and HKEx, which has a 2.6% weighting in the benchmark stock index. The past year has seen attacks, both confirmed and suspected, against various stock exchanges around the world, including the London Stock Exchange (LSE), Zimbawe Stock Exchange (ZSE), and an unnamed US exchange. ...Please login to read the complete article. If you already have an account, you can login now or subscribe/register.
Categories: Brokerages and Trading Technologies, Markets & Exchanges, Operational Risk & Security, Risk and Regulation, Technology & OperationsBrokerages and Trading Technologies,Markets Exchanges,OperationalRiskSecurity,Risk and Regulation,technology, Brokerages and Trading Technologies,Markets & Exchanges,Operational Risk & Security,Risk and Regulation,Technology & Operations, Keywords:Hang Seng Index, HKEx, Charles Li, Hack Hang Seng Index, HKEx, Charles Li, Hack
|