#HKEx invests $380 million to improve #connectivity and #technology
Tue, 03 Apr 2012 14:41:34 GMT
In order to step up of its game on the global stage, Hong Kong Stock Exchange (HKEx) plans to invest $3 billion (US$380 million) in the next 3 years. The company names this project “HKEx Orion”, hoping such big-scale transformative technology upgrade would “elevate Hong Kong’s position on the world’s financial stage”.
Connectivity and networks are pointed out as top priority within the HKEx Orion project. The core of it is to build a Hosting Services Ecosystem. And HKEx has chosen KVH Co. Ltd. to provide information delivery platform, Pacnet to provide high-speed, low-latency connectivity, and Fixnetix to provide ultra-low latency market data, trading and risk control.
Taking advantage of the platform provided by the Exchange Technology World Chicago and the Trading Show Chicago 2012 event, HKEx will demonstrate their efforts of making itself accessible and attractive to global traders. Mr. Richard Leung, Senior VP & Co-Head of ITD of HKEx, will deliver a keynote address on June 27.
In the meantime, traders are present to discuss what they are demanding and expecting in new connectivity technology and trading networks. Mr. Peter Nabicht, CTO of Allston Trading, and Mr. Christian Blais, CTO of Altimus Capital, will share their ideas about innovations in network and connectivity.