Hong Kong Securities Clearing Company, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), today (Tuesday) declared Lehman Brothers Securities Asia Limited a defaulter under Rule 3701 of General Rules of CCASS.
Furthermore, The Stock Exchange of Hong Kong (SEHK), also a wholly-owned subsidiary of HKEx, has also suspended the right of Lehman Brothers Securities Asia Limited to access the Options Trading System. As a consequence, The SEHK Options Clearing House Limited (SEOCH), a wholly-owned member of the HKEx Group, has determined to suspend the Participantship of Lehman Brothers Securities Asia Limited pursuant to Rule 718 of the Options Clearing Rules until further notice.
SEHK suspended the trading of Lehman Brothers Securities Asia Limited in the securities and stock options markets before the commencement of the Morning Session.
Lehman Brothers Securities Asia Ltd
The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has suspended the trading of Lehman Brothers Securities Asia Limited (broker numbers: 6495, 6496, 6497, 6498, 6499, 6500, 6505, 6506, 6507, 6508, 6509 and 9549) in the securities and stock options markets.
Lehman Brothers Securities Asia Limited's right to access AMS/3, the Third Generation Automatic Order Matching and Execution System and the Options Trading System has been suspended until further notice under Rule 704 of the Exchange. -- www.hkex.com.hk
Comment and add to the story without registration, but keep the comments meaningful please. Links are not accepted.
