Why U.S. and Hong Kong stocks are reliable - throw order demo

BiyaPay throws orders to the exchange in real time for every US and Hong Kong stock order.
For U.S. and Hong Kong stock quotes, depth, buy and sell orders, volume and other elements are the same for each brokerage (e.g., Pacific Century, Tiger Securities), because the buy and sell transactions are done through the HKEx or the American Stock Exchange aggregation, your commissions are displayed in the buy and sell orders, your filled orders are displayed in the transaction details, there is no market maker. This is similar to what we do in C2C aggregated trading, Taobao trading.
Take Tiger Securities and FuTu Securities as an example, we can see that although they are two platforms, the latest price, ups and downs, depth of the buy and sell orders, and transaction by transaction data are all the same.

Demo start
Then we will use this rule to test whether BiyaPay can throw orders to the stock exchange in real time, one to one or not.
Preparation
First, sign up for a BiyaPay account
Second, other US and Hong Kong stock platforms that you are familiar with, let's take Tiger Securities as an example this time. You can can choose from other platforms such as Intrust, Fortis, etc.
The first step is to find stocks that meet the requirements
The first step of our operation is to find a stock in Tiger Securities that has no trading volume and no liquidity.

In the market, we select Hong Kong stocks, all, in reverse order of volume. We are able to find a lot of stocks with no volume and we select 00021.

We can see that this stock is currently up or down by 0 and does not have a buying depth or any volume-by-volume data.
So let's now switch accounts and go to BiyaPay's platform to find this stock.

We can find it by comparing. Tiger Securities and BiyaPay have the same data on both sides.
Step 2, start placing orders and test if they are synchronized

We placed an order in BiyaPay at the limit price of 0.14 for 5,000 shares. Switching to the Tiger platform here, it was very obvious that the previously empty buy order appeared as a buy 1 order, and the order data was exactly the same as the data placed by BiyaPay, and the time difference between the two sides was only about 1 second. It was simply too late to react.
Step 3: Cancel the order and see if it is really synchronized

We can see that after BiyaPay cancelled the order, the Buy 1 price on the Tiger platform also changed instantly, from 0.14 before to 0.123. This means that the order we placed on BiyaPay was indeed placed on the exchange, and the synchronization time was so short that it could be considered a real-time throwaway order.
Conclusion
After the demonstration, BiyaPay can indeed place orders to the stock exchange in real time, and it works in person. The whole process you can go and try it out for yourself. You can choose any eligible stock to test, but if you choose a popular stock like Apple or Tesla, you will not be able to see our commission because of the high volume of trading in the buy and sell orders. We choose any stock with no trading volume to be able to verify out more obviously.