SFAT affirms SFC decision to fine I-Access Investors Ltd HK$600k over breach of the Code of Conduct
SFC
SFC, 14-Mar-2023
Over a long Easter and Ching Ming 2015 weekend and without forewarning, on Easter Monday, HKEX sent out random stock data as part of a system test, and I-Access, which had not disconnected its feed, took the data and triggered stop-loss orders when the market reopened on the Wednesday. Incidentally, 2 data providers, Bloomberg and AA Stocks, also took the bad data.