The Hong Kong Securities and Futures Commission has released new guidelines to promote global connectivity for virtual asset trading platforms

According to Jinshi reports, the Hong Kong Securities and Futures Commission published two new circulars today, clarifying the expected standards for licensed virtual asset trading platform operators to connect to global liquidity and expand the range of products and services. One of the circulars allows platform operators to merge trading instructions from affiliated overseas virtual asset trading platforms into a shared order book, marking the first step of the ASPIRe roadmap. The Hong Kong Securities and Futures Commission will explore the feasibility of allowing licensed brokers to transfer client trading instructions to regulated overseas liquidity pools under the same group.