Nasdaq Signs Landmark Technology Deal with Hong Kong’s HKEX
- The revamp is expected to pave the way for several enhancements at HKEX, including central counterparty clearing.
Nasdaq, Inc. (Nasdaq:NDAQ) and Hong Kong Exchanges and Clearing Limited (HKEX) have signed a deal in which Nasdaq will provide the Hong Kong’s main derivatives market with trading technology that will power its expansion, improve post-trade services and enhance real-time Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, technologies. HKEX has been a Nasdaq Market Technology client since 1994.
The London Summit 2017 is coming, get involved!
Under the agreement, Nasdaq will deliver a multi-asset trading technology engine, a multi-asset derivatives clearing engine and a real-time risk management solution to bolster the infrastructure of HKEX, increasing their speed and resiliency. This infrastructure renovation is expected to take effect in the second half of 2018.
The revamp is expected to pave the way for several enhancements at HKEX, including central counterparty clearing. The upgrade also benefits the Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv to manage risk of financial derivatives such as equity, FX, commodities and fixed income asset classes, all under the new Nasdaq Financial Framework architecture.
Richard Leung, HKEX’s Co-Head of IT commented: “We have been able to provide superior capability and very reliable market infrastructure, high priorities at HKEX, with the Nasdaq technology we use in our derivatives market. We look forward to completing our upgrade smoothly and receiving continued high quality technical support from Nasdaq.”
Lars Ottersgård, Executive Vice President and Head of Market Technology at Nasdaq added: “Nasdaq is proud of the technology partnership that has existed between our respective organizations for nearly 25 years. HKEX is one of the global capital markets’ true innovators who are committed to the continuous introduction of new technologies to bolster and strengthen the product and services offerings for their clients and partners, along with a rigorous focus on shaping the future of our industry. We are thrilled to support HKEX on this journey and further our relationship in the years to come.”
Nasdaq, Inc. (Nasdaq:NDAQ) and Hong Kong Exchanges and Clearing Limited (HKEX) have signed a deal in which Nasdaq will provide the Hong Kong’s main derivatives market with trading technology that will power its expansion, improve post-trade services and enhance real-time Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, technologies. HKEX has been a Nasdaq Market Technology client since 1994.
The London Summit 2017 is coming, get involved!
Under the agreement, Nasdaq will deliver a multi-asset trading technology engine, a multi-asset derivatives clearing engine and a real-time risk management solution to bolster the infrastructure of HKEX, increasing their speed and resiliency. This infrastructure renovation is expected to take effect in the second half of 2018.
The revamp is expected to pave the way for several enhancements at HKEX, including central counterparty clearing. The upgrade also benefits the Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv to manage risk of financial derivatives such as equity, FX, commodities and fixed income asset classes, all under the new Nasdaq Financial Framework architecture.
Richard Leung, HKEX’s Co-Head of IT commented: “We have been able to provide superior capability and very reliable market infrastructure, high priorities at HKEX, with the Nasdaq technology we use in our derivatives market. We look forward to completing our upgrade smoothly and receiving continued high quality technical support from Nasdaq.”
Lars Ottersgård, Executive Vice President and Head of Market Technology at Nasdaq added: “Nasdaq is proud of the technology partnership that has existed between our respective organizations for nearly 25 years. HKEX is one of the global capital markets’ true innovators who are committed to the continuous introduction of new technologies to bolster and strengthen the product and services offerings for their clients and partners, along with a rigorous focus on shaping the future of our industry. We are thrilled to support HKEX on this journey and further our relationship in the years to come.”