New York, NY -- March 29, 2012 -- Hong Kong Exchanges and Clearing Limited (HKEx) has selected NYSE Technologies' Exchange Data Publisher (XDP)™ to drive the HKEx Orion Market Data Platform. XDP is an ultra-low latency solution designed to collect, integrate and disseminate real-time market data to local customers and, using regional hubs, to customers around the globe.
The HKEx Orion Market Data Platform will deliver market data for all securities and derivatives traded by HKEx in a common message format. It will be capable of distributing more than 100,000 messages per second at microsecond latency. It will be rolled out for HKEx's securities markets towards the end of the second quarter of 2013, with a remote distribution hub in Mainland China and integration with HKEx's derivatives markets to follow.
With the establishment of remote distribution hubs under the new market data platform, HKEx will be able to establish points of presence for market data distribution outside of Hong Kong, such as in Mainland China, where information can be relayed to local customers.
"The HKEx Orion Market Data Platform will enable us to improve our customers' market data experience by providing a suite of market data product feeds with content, market depth and bandwidth requirements tailored to suit the needs of different types of customers," said Bryan Chan, Head of Market Data at HKEx. "We selected NYSE Technologies' XDP solution based on its high performance capabilities as well as the flexibility it offered to meet our customer requirements."
XDP is based on NYSE Technologies DataFabric 6.0, an industry-leading platform offering high throughput, scalable application messaging and microsecond latency.
"HKEx's selection of XDP reaffirms our technology expertise and ability to deliver innovative products that operate effectively in markets around the world, particularly in the growing Asian marketplace," said Stanley Young, CEO NYSE Technologies. "In XDP we are providing HKEx with the robust features of a proven platform and the advantages of functions tailored to their unique trading environment. We are pleased to be working with one of the world's leading markets to deploy a world class market data platform that will serve customers in Hong Kong and Mainland China."
About the Hong Kong Stock Exchange
HKEx is the holding company of The Stock Exchange of Hong Kong Limited, Hong Kong Futures Exchange Limited and Hong Kong Securities Clearing Company Limited. It brings together the market organizations which have transformed Hong Kong's financial services industry from a domestically focused market to become a central market place in Asia attracting investment funds from all over the world. HKEx was listed in June 2000 following the integration of Hong Kong's securities and derivatives markets. As a market-driven organization, answerable to its shareholders, HKEx competes vigorously for opportunities in the region and around the world. http://www.hkex.com.hk/eng/index.htm.
About NYSE Technologies
A division of NYSE Euronext (NYX), NYSE Technologies provides broadly accessible, comprehensive connectivity and transaction capabilities, data and infrastructure services, and managed solutions for a range of customers requiring next-generation performance and expertise for mission critical and value-added trading services. NYSE Technologies offers a diverse array of products, services and solutions to: the Buy Side, including order routing, liquidity discovery and access to a community of over 630 Broker-Dealers and execution destinations globally; the Sell Side, including high performance, end-to-end messaging software and innovative market data products delivered on the world's largest, most reliable financial transaction network; and Market Venues and Exchanges, including multi-asset exchange platform services, managed services and expert consultancy. With offices across the U.S., Europe, and Asia, NYSE Technologies offers advanced integrated solutions for the global capital markets community, earning the ability to power trading operations for many of the world's best financial institutions and exchanges. For additional information visit: http://nysetechnologies.nyx.com.
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