UK telecoms giant BT today announced that the Hong Kong Mercantile Exchange (HKMEx) has joined the BT Radianz Cloud community. HKMEx is now offering access to trade its range of commodity futures products as well as its market data feeds to BT’s financial cloud community, further attracting liquidity from international investors and strengthening Hong Kong’s position as a major financial centre.
William Barkshire, co-president of HKMEx, said: “Joining the BT Radianz Cloud community enables us to increase the number of our market participants, while at the same time bringing our Asia-focused products — including upcoming renminbi-denominated precious and base metals futures products — to investors around the world who are eager to capitalize on China’s phenomenal economic growth.”
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The BT Radianz Cloud platform offers cost-effective managed access to the largest secure networked financial community in the world. It already links to more than 700 member sites in Hong Kong, including many of HKMEx’s clearing members and broking members, and reaches more than 170 countries around the world.
Tom Regent, president, global banking & financial markets, BT, said: “We have made significant investments in Asia-Pacific and recognise the region’s strategic importance for our member community and BT. We are delighted to welcome HKMEx into the BT Radianz Cloud.
“More than 100 trading venues around the globe across all asset classes can already be accessed by the many thousands of members of our BT Radianz Cloud community. This reflects the growing desire of market participants internationally to have access to investment opportunities outside of their domicile and demonstrates the increasing need for greater interconnectivity between the world’s financial markets.”