At the "2025 Greater Bay Area Exchange Technology Conference," HKEX Group Chief Information Officer Leong Sung Kwong revealed that the exchange’s self-developed next-generation derivatives trading, clearing, and settlement platform—The ODP (Orion Derivatives Platform)—will be rolled out in phases between 2027 and 2028. The platform will feature enhanced capabilities, including near-24-hour trading and a modular architecture.

Leong explained that The ODP offers near-24-hour trading functionality, a component-based structure, and capital-efficient risk management tools (including VaR). These features will support product innovation and cross-time-zone risk management, enabling the exchange to navigate market volatility by "weathering downturns" and "capitalizing on peaks."

Data shows that HKEX achieved record-high trading volumes over the past year, with the 20 most active trading days all occurring within the 12 months following September 2024, underscoring the urgency for technological upgrades.

On AI adoption, Leong noted that HKEX has transitioned from traditional rule-based AI to generative AI, leveraging large language models (LLMs) to expand core applications. In price surveillance, AI can rapidly analyze stock price and trading volume data to detect potential insider trading and market manipulation, streamlining multi-source reviews and generating real-time recommendations—though human judgment remains central to regulatory decisions. For index construction, AI processes vast fragmented datasets, compressing weeks of creative ideation and validation into minutes. This accelerates the launch of innovative indices, directing capital toward key sectors.