Upgrade of HKATS and DCASS to Release 19'1

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Upgrade of HKATS and DCASS to Release 19.1
BriefingApril 2007
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Agenda

• Introduction to Release 19.1
• New Features of HKATS 19.1
• Benefits of HKATS 19.1
• Hardware Requirement for 19.1
• Major Impacts to HKATS Participants
• Major Impacts to DCASS Participants
• Major OAPI Changes to HKATS/DCASS Participants
• Release 19.1 Tentative Schedule
• Q A

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Introduction to Release 19.1

• Developed by OMX
• Went live in Q3 2006 in Italian Exchange TLX and
  Stockholm Stock Exchange
• Both HKATS DCASS will upgrade to Release 19.1
  at the same time
• Tentative launch in Q1 2008

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New Features of HKATS 19.1

• New Outlook
• Enhancement in OAPI Functions
• New Functions for Block Trade Execution

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Benefits of HKATS 19.1

• User-Friendliness
• More user-friendly layout with adjustable screen
  display size for different sub-windows
• More convenient on handling screen display
  profile and displayed grouping setup
• Operational Efficiency
• Functionality Enhancement for HKATS Users
• New build group functions
• Improve in Operational Efficiency of OAPI Users
• More efficient in using OAPI
• Can share the Orderbook information of different
  sites of the same EP

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Benefits of HKATS 19.1

• Enhanced Function on Block Trade Execution
• Block Trade can be entered by both involving EPs
  as well
• Block Trade turnover is disseminated in a
  separate column of the Price Information Window
• Security
• Intruder Function
• Connection will be halted for repeatedly wrong
  password entry
• Audit Trail Improvement
• User can take control of their password
  maintenance

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Hardware Requirement for 19.1

• CLICK Trade XT configuration
• 2.6 GHz Intel Pentium 4 HT Processor (or above)
• 1GB DDR2 memory
• Windows XP Professional

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Major Impacts to HKATS Participants

• May need hardware upgrade of CLICK workstations
• Need software upgrade of NG (handled by HKEx)
• Installation of the CLICK Trade XT
• OAPI Modification and Re-certification, will post
  the tentative changes by May 2007
• CLICK Training and Practice Sessions
• Briefing Sessions
• Participate in Production Readiness Tests (PR)
  and Market Rehearsal (MR)

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Major Impacts to DCASS Participants

• Functionality Change
• Various 17.1 HKEx customizations will be
  incorporated into 19.1
• New and enhanced DCASS functions would be
  introduced will be detailed in June briefings
• Clearing Policy Changes
• Tentatively no major policy changes envisaged

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Major Impacts to DCASS Participants

• Resources Impact to DCASS Participants
  (Tentative)
• No new hardware requirement
• New BOPC and related applications plus vendor
  installation charges at about 2,000 per BOPC
• OAPI Modification and Re-certification
• DCASS Training
• Production Readiness Tests (PR)
• Market Rehearsals (MR)
• Fallback Arrangement during Stabilization Period

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Major OAPI Changes to HKATS/DCASS Participants

• Highlight on OAPI Enhancements
• Login / Logout / Password / Facility types
  functions
• Retrieve UTC time and local time at login
• VIM (Variable Information Message)
• Highest bits value in premium field
• Block Trade (HKATS only)
• Using SSL for OAPI compilation and execution

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Major OAPI Changes to HKATS/DCASS Participants

• Regarding OAPI
• Introduce about 20 new OAPI transactions
• Another about 30 old OAPI transactions will
  no-longer be supported

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Release 19.1 Tentative Schedule
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QA Thank You