The Orion Market Data Platform will run on an ultra-low latency XDP solution, enabling distribution in Mainland China.
Hong Kong Exchanges and Clearing Limited (HKEx) has selected NYSE Technologies' Exchange Data Publisher (XDP), an ultra-low latency solution that disseminated real-time data to both local and global customers, to power its upcoming HKEx Orion Market Data Platform.
All securities and derivatives traded on HKEx will be included in data platform and delivered in a common message format at more than 100,000 messages per second, or microsecond latency. Orion will first deliver securities markets data towards the end of the second quarter in 2013; derivatives markets integration, as well as a point of presence, enabled by a remote distribution hub, in Mainland China, are set to follow.
"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," says Bryan Chan, head of market data at HKEx.
Meanwhile, NYSE Technologies is enthusiastic about further expanding its business in Asia's emerging markets.
"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," adds Stanley Young, CEO of NYSE Technologies.
More from Sell Side Technology
Updating your subscription status
Winner's Announced: Sell-Side Technology Awards 2015
The winners of the 3rd annual Sell-Side Technology Awards 2015 were announced in New York on April 21, recognizing the leading third-party vendors serving the sell side in their area of expertise, through an auditable and transparent methodology. To view the winners across the 28 categories click here.
02 Dec 2015
07 Dec 2015
18 Feb 2016
05 Apr 2016
24 May 2016
Download whitepaper for FREE Solving issues relating to data quality and timeliness should be the top priority for an industry-led reference data utility,...
Download whitepaper for FREE Public cloud has grown exponentially in recent years in sectors such as telecoms, the media, health industry and insurance,...