Niguel Brooks Joins HKEX as Head of Infrastructure and Operations

Hong Kong Exchanges and Clearing (HKEX) announced on Monday that it has appointed Niguel Brooks as its head of infrastructure and operations.

The group’s infrastructure and operations team is responsible for managing all of its applications systems.

In his new role, Brooks will report to Richard Leung, 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 Read this Term operator’s chief technology officer.

Acting as Leung’s deputy, Brooks will, alongside his operations and infrastructure duties, be responsible for HKEX’s security and Hosting Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Read this Term services.

From ASX to HKEX

The new head of operations joins HKEX after almost ten years spent at Singapore Exchange (SGX).

Before joining HKEX, Brooks was senior vice president of technology at the Singaporean exchange. He joined SGX in 2009 as head of infrastructure.

Prior to working in Singapore, Brooks spent over ten years at the Australian Securities Exchange in a number of different operational and technical roles.

"We are delighted to welcome Niguel to HKEX,” said Leung. “His twenty years of international experience and his background in IT infrastructure and operations will be invaluable to us and I am very much looking forward to welcoming him to the team.”

Brooks arrival to HKEX comes after Alfred Lai announced he would be leaving the exchange group.

Lai was with the exchange operator for fourteen years, working most recently as a managing director in the company’s information technology division.

“On behalf of the company, I would like to thank Alfred for his considerable contributions and long service to HKEX,” said Leung.

“He has made significant contributions to the reliability to the IT operations at [our firm] during his tenure. We wish him a very happy retirement.”