Hong Kong Exchange to reduce latency with BT Radianz
BT is working with Hong Kong Exchanges and Clearing Limited's to offer BT Radianz Venue to customers hosted at the exchange's new data centre. The new suite of services aims to offer HKEx's customers fully managed hosting capabilities and optimised latency, as well as interconnectivity between and within global trading venues.
BT, a founding member for the launch of HKEx hosting ecosystem, also plans to offer its full portfolio of BT Radianz services at the data centre. Institutions opting for fully-managed services can benefit from cost-savings when compared to an in-house solution because of a reduction in the need for investment in infrastructure and equipment.
Ryan Wuebbels, head of relationship management at HKEx, said: "BT's expertise in the financial services market is helping us to create a next generation data centre for cash, derivatives and clearing which will increase Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and trading in Hong Kong's markets and generate new revenue streams for the exchange. This gives us access to a new and more diverse customer base with the likely addition of buy-side firms, banks and brokers, market data vendors and providers of post-trade services."
Tom Regent, president, global banking & financial markets and sales & marketing, BT Global Services, said: "BT is working with HKEx to create an environment where banks and financial services institutions can cross-connect locally and, in addition, interconnect globally. This will help create a virtuous circle with more customers driving greater liquidity, making the exchange more attractive to new market participants.
"To encourage this, we are planning to offer the complete range of BT Radianz solutions to customers at the HKEx data centre. These customers will be able to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term the ultra low-latency connectivity of our underlying network to gain greater speed to market and better performance. They will also be able to benefit from BT's round-the-clock management and monitoring of all their equipment."
BT is working with Hong Kong Exchanges and Clearing Limited's to offer BT Radianz Venue to customers hosted at the exchange's new data centre. The new suite of services aims to offer HKEx's customers fully managed hosting capabilities and optimised latency, as well as interconnectivity between and within global trading venues.
BT, a founding member for the launch of HKEx hosting ecosystem, also plans to offer its full portfolio of BT Radianz services at the data centre. Institutions opting for fully-managed services can benefit from cost-savings when compared to an in-house solution because of a reduction in the need for investment in infrastructure and equipment.
Ryan Wuebbels, head of relationship management at HKEx, said: "BT's expertise in the financial services market is helping us to create a next generation data centre for cash, derivatives and clearing which will increase Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and trading in Hong Kong's markets and generate new revenue streams for the exchange. This gives us access to a new and more diverse customer base with the likely addition of buy-side firms, banks and brokers, market data vendors and providers of post-trade services."
Tom Regent, president, global banking & financial markets and sales & marketing, BT Global Services, said: "BT is working with HKEx to create an environment where banks and financial services institutions can cross-connect locally and, in addition, interconnect globally. This will help create a virtuous circle with more customers driving greater liquidity, making the exchange more attractive to new market participants.
"To encourage this, we are planning to offer the complete range of BT Radianz solutions to customers at the HKEx data centre. These customers will be able to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term the ultra low-latency connectivity of our underlying network to gain greater speed to market and better performance. They will also be able to benefit from BT's round-the-clock management and monitoring of all their equipment."