BT To Open Up Hong Kong Markets To Global Investors
BT today announces that it is working with Hong Kong Exchanges and Clearing Limited’s (HKEx) to offer BT Radianz Venue to customers hosted at the exchange’s new data centre. This new suite of services will 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 next generation 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 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 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.”
The addition of BT Radianz Venue complements BT’s existing managed hosting capabilities available in major Asia-Pacific financial services hubs, including Sydney, Hong Kong, Tokyo and Singapore.
BT Radianz Venue comprises three services that are specifically designed to help customers address the challenges of liquidity, fragmentation and new trading opportunities, while enhancing trade execution performance. These services include:
- BT Radianz Venue Access: for connectivity to the BT Radianz Cloud from 40 global non-BT data centres.
- BT Radianz Venue Presence: an extension of the BT Radianz Proximity hosting proposition which allows BT to manage a client’s server and connectivity infrastructure hosted in third-party venues.
- BT Radianz Venue Interconnect: a new service from BT that offers optimized latency between trading venues within the same city and between different cities, globally.
