The Hong Kong Stock Exchange to close its trading hall

Almaty. August 15. Silkroadnews – The Hong Kong Stock Exchange will close its trading floor, TASS reported.
The Hong Kong Stock Exchange (HKEX) will close its trading floor at the end of October, as virtually all the operations on this site are conducted electronically, the report said on Tuesday.
The trading hall will be transformed to hold various ceremonies, exhibitions, conferences and educational activities of investors.
The trading floor of the exchange was reportedly opened in 1985. The hall once hosted over 900 brokers in its heyday. However, at present, less than 30 individual traders appear daily in this room, while the most of the trading are carried out electronically. For the same reason, the halls do not longer operate at the stock exchanges in Tokyo and Singapore.
According to the publication, the Hong Kong site, which is the world’s sixth largest site, hosts trading shares of more than 2 thousand companies, with the total market capitalization exceeding $3.7 trillion. Last year, HKEX came out on top in the world in terms of the IPO.