Core Viewpoint - The Hong Kong Securities and Futures Commission (SFC) is seeking to enhance its regulatory capabilities for virtual asset trading by tendering for a monitoring system, with the aim to select a winning bidder by mid-next year [1] Group 1: Tender Process - The SFC began the tender process on October 3, with a submission deadline set for November 7 [1] - A briefing session has already been held to explain the tender, and shortlisted bidders will be required to participate in a demonstration of their proposals and technical capabilities [1] - The SFC plans to announce the shortlisted candidates shortly after the submission deadline, with the winning bid expected to be revealed approximately six months later, in mid-next year [1] Group 2: System Requirements - The new monitoring system is expected to focus on analyzing virtual asset transactions, including detecting suspicious activities such as unusual flows between wallets and fluctuations in transaction volumes [1] - Industry experts anticipate that the entry requirements for this tender will be very high, as the system must handle large volumes of data (603,138) with a high degree of accuracy [1] - The project is also expected to meet stringent government standards for security and stability, indicating that the costs associated with the project will be significant [1]

Group 1 - The Hong Kong Securities and Futures Commission (SFC) is inviting bids for a virtual asset trading monitoring system, with a submission deadline of November 7 [1] - The winning bidder is expected to be determined in the first half of next year [1] - The SFC's tender documents do not specify any particular system requirements or implementation timeline, indicating a focus on project confidentiality [1] Group 2 - Interested bidders can attend an introductory meeting as part of the tender process [1] - The SFC has stated that information regarding the tender has been published on its official website, with no further details available at this time [1]

Core Viewpoint - The Hong Kong Securities and Futures Commission (SFC) is seeking bids for a virtual asset trading monitoring system to enhance its ability to detect unusual trading activities in virtual assets [1] Group 1 - The bidding deadline for the virtual asset trading monitoring system is set for November 7 [1] - The selected institution for the monitoring system is expected to be determined in the first half of next year [1]