Everbright Securities "Wu Long Finger" event continued to ferment

Summary: Everbright Securities Wu Long refers to the continuous fermentation of events. A spokesman for the Securities and Futures Commission said yesterday evening that Everbright Securities used a high-frequency trading investment system is customized software, is currently the exclusive use of Everbright Securities. and other brokerage and futures companies used by the Ming Chong Enterprise Securities

Everbright Securities "Oolong refers to" the event continued to ferment. A spokesman for the Securities and Futures Commission said yesterday evening that Everbright securities used "Ming Chong High-frequency Trading Investment System" is a custom software, is currently the exclusive use of Everbright Securities. and other securities and futures companies to use the "Ming Chong Enterprise Securities Investment and asset management software", does not have high-frequency trading functions, and Everbright Securities use of "Ming Chong High-frequency Trading Investment System" is different.

High-frequency trading software for "exclusive customization"

A spokesman for the Securities and Futures Commission said yesterday evening that "there are reports that more than 80 securities companies use the company's software, and the market is worried about possible recurrence of similar incidents". A spokesman for the SFC said that after understanding, Everbright Securities use of "Ming Chong High-frequency Trading Investment System" is a custom software, is currently the exclusive use of Everbright Securities. Ming Chong Company in cooperation with Everbright securities commitment, since the contract signing date (February 1, 2013), not to 1 years, in addition to Everbright Securities strategic investment outside the third party sales.

A spokesman for the SFC further stated that it is understood that at present, there are 17 securities companies and 4 futures companies using Ming Chuang company developed "Ming Chuang Enterprise Securities investment and asset management software", the function of the software is mainly for the self-employed or Asset Management department for Investment Management, does not have high-frequency trading functions, and Everbright Securities use of " Ming Chong High-frequency Trading Investment System "different."

The SFC attaches great importance to the security problems brought by the programmed trading system, while dealing with the events of Everbright Securities, the risk of the programmed trading system used by the securities companies will be checked to prevent the occurrence of similar incidents.

In the Sunday press conference, Everbright Securities President Xu Haoming said that the order generation system is everbright independent research and development, order execution system is to Shanghai Ming Chong Software Technology Co., Ltd. acquisition. Both systems fail at the same time, causing the system to automatically generate delegates without execution within 150 seconds.

Haitong Securities System operating normally

The SFC spokesman also responded to the failure of Haitong Securities system: August 20, media reports, Haitong Securities trading system was not updated in time, resulting in a large number of customers can not trade Shanghai petrochemical, Yizheng chemical fiber two stocks. The Shanghai Securities and Exchange Bureau understands that the Haitong stock trading system runs normally all day, and that no client can entrust it.

August 20 is the Shanghai petrochemical and Yizheng chemical fiber after the first trading day, two stocks tumbled 43.22% and 42.74% respectively, many investors scrambling to sell. But at about 10:20, shares bar in the Netizen said, early pan Haitong Securities system problems, leading to investors in the hands of the two stocks do not sell.