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Publish Date: Sat, 28 Sep 2024, 11:40 AM
BEIJING, Sept 28 (Reuters) - China's Shanghai Stock Exchange will run tests on its auction and various other platforms on Sunday, the state-run Securities Times reported on Saturday, a day after an unexplained transaction delay.
Friday's delay on trades at the benchmark Shanghai Composite Index (.SSEC) , opens new tab coincided with a Chinese stock rally that followed official announcements of a slew of monetary, liquidity and fiscal stimulus this week.
All market participants can participate in Sunday's test, which will seek to identify issues with processing a large number of orders during the auction process, the report said. The test will simulate a normal day's trading and clearing.
A Shanghai Stock Exchange official confirmed that a notice about the test had been sent to brokerages and some other market participants, but was unwilling to share it with Reuters.
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https://www.reuters.com/markets/asia/shanghai-stock-exchange-run-test-after-transaction-delay-2024-09-28/