Citi settles first trades on HKEX Synapse
Synapse is a settlement acceleration platform.
Citi settled its trades for China Asset Management Hong Kong (ChinaAMAC HK) on the Hong Kong Exchanges and Clearing Limited’s Synapse, becoming one of the first trades executed and settled in the platform.
Citi is the first participant to fully integrate its custody platform with Synapse.
Synapse is HKEX’s integrated settlement acceleration platform designed to complement the bourse’ existing Northbound Stock Connect.
Since 2019, Citi and HKEX have been working closely to develop a fly automated API-powered Synapse connectivity solution.
Currently, Citi is the only bank in Hong Kong to offer such a solution.