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FinNet is a business-to-business (B2B) network built to support financial communities in Hong Kong in conducting secure electronic transactions, information delivery and peer-to-peer communication etc.

FinNet is an open, robust, secure, scalable and high performance network based on open standard technology. Through a single network connection to FinNet, you can access multiple services offered by application / information providers and regulatory bodies etc.

FinNet has been in full operation since February 2002. Currently major users include Securities and Futures Commission, Hong Kong Monetary Authority, Hong Kong Exchanges and Clearing Limited, local banks, brokerage firms and securities and derivative intermediaries. The member base is actively extending to other market participants making more financial application services available to the FinNet community.

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All leading financial centers around the world have one common problem - each financial service has its own proprietary system running on its own private network. Market participants often need to connect to several networks, operating with several workstations each with its own user interface.

In Hong Kong, a full service financial market participant needs to have separate connections for trading of stocks, options and futures, connection to clearing house for the settlement of trades, connections to banks for payments, connections to custodians for repository and connections to other service providers for pre-matching, trade confirmation, market news, etc. It is not unusual for such a full service market participant to have as many as a dozen circuits connecting to different service providers to be in business.