HKEx Preps Test Environment, Schedule for New Orion Market Data Platform

Credit valuation adjustment

Hong Kong Exchanges and Clearing is wrapping up internal testing of its Orion Market Data (OMD) Platform -- based on NYSE Technologies' Exchange Data Publisher, and part of HKEx's broader Orion initiative to upgrade its technology -- and will open a testing environment for the platform at its new datacenter in December, ahead of the Phase 1 launch of Orion in the second quarter of 2013, which will initially cover distribution of the exchange's equities and index data before expanding to cover HK