The Hong Kong stock market led to a surge in trading volume in early 2021. Whether the order can be issued smoothly and whether the trading system is reliable or not is directly related to whether investors can enjoy this wave of Hong Kong stock market.
At this time, Futu Securities, Hong Kong's largest retail brokerage, invested HK $15 million at a time, rapidly expanding the capacity of Hong Kong stock trading channels by 150%, increasing the original 200 trading channels to 500, and upgrading the trading bandwidth to five times (from 20m to 100m). And effective on January 27th.
The expansion of Hong Kong stock trading channels to 500 means that Fortune can handle 1000 trading orders per second, well above the industry average.
1. "two lanes change into five lanes in a second". Forto spends $15 million to expand Hong Kong stock trading channels.
The martial arts in the world are fast but not broken. In the face of the recent surge in trading volume, Futu Securities, Hong Kong's largest retail brokerage, reacted quickly by investing HK $15 million on top of the original 200 Hong Kong stock trading channels (technically known as Throttle Rate), bringing the total to 500.
To make a simple analogy, the expansion of trading channels from 200 to 500 is like a road widening from two lanes to five lanes overnight, and the road congestion problem will be greatly improved in an instant. After the expansion of this channel, the order processing capacity of Futu Hong Kong stocks has reached 2.5 times that of the original.
According to HKEx regulations, each trading channel can submit two orders per second. The 500 trading channels give Fortune the ability to process up to 1000 trading orders per second, well above the industry average.
So far, Futu's total investment in Hong Kong stock trading channels has reached 25 million Hong Kong dollars. Such a huge investment in trading infrastructure shows that Fortune has a strong financial strength on the one hand, and that Fortune is willing to make greater efforts to improve its clients' investment experience on the other.
two。 Expand capacity twice in a year to help customers enjoy fast transactions at all times.
It is worth noting that Futu Securities has expanded the Hong Kong stock trading channel twice in the past year.
Before the number of trading channels soared to 500, Futu expanded its original 100 channels to 200 in April 2020. Futu also expanded its trading channels twice as early as 2017 and 2018.
At present, the number of users of Futu platform has exceeded 13 million, covering more than 200 countries and regions. As of the third quarter of 2020, the number of asset-owned customers of Fortune had reached 418000. As the number of users and customers grows, so does Fortune's investment in trading infrastructure.
Generally speaking, Hong Kong stocks have the highest trading volume at the beginning of trading, and there is often a small peak before the close. In the daily trading of Hong Kong stocks, it is rare to encounter such a recent increase in trading volume.
In order to enable customers not to block orders in extreme cases such as the "morning peak" of Hong Kong stocks and the hot market, Fu Tu does not hesitate to expand its channel capacity, insists on being customer-centered, and tries its best to provide customers with a very fast trading experience.
3. Continue to invest heavily in products and research and development
After the expansion of the Hong Kong stock trading channel, the order processing capacity of Futu Hong Kong stocks continues to maintain the highest level, and its leading position in the industry has also been further consolidated.
In order to reach the highest level, the trading channel of securities firms needs not only long-term capital investment, but also strong technical strength. Behind the rapid expansion of the Futu Hong Kong stock channel, the R & D department needs to provide all-round support in software research and development, architecture upgrade, system adaptation and R & D personnel allocation.
And the product and R & D strength is the core competitiveness of Futuo. By the third quarter of 2020, Futu R & D expenses accounted for 46.4% of the total operating expenses, and products and R & D personnel accounted for 70% of the total employees. It is Fu Tu's long-term insistence on independent research and development and the practice of polishing products, which makes it possible to greatly expand the capacity of Hong Kong stock trading channels in the short term.
Since its inception, Futu has continued to explore the application and landing of new technologies, innovating the online investment experience in many dimensions, such as the construction of underlying trading channels, process optimization, millisecond deep quotations, user information security, and the expansion of trading categories.
With the continuous investment in R & D and the continuous reserve of cutting-edge technical personnel, Futu is further tamping the technology and R & D moat to make a deeper accumulation for the company's long-term business development.