HKMEx goes live on BT Radianz Cloud
HKMEx is using BT Radianz to connect with the world
Hong Kong Mercantile Exchange has joined the BT Radianz Cloud, a network that the exchange hopes will help better connect it to investors from the outside world.
HKMEx is a commodities exchange that hosts products including physically-delivered gold and silver futures contracts denominated in US dollars; the exchange is also planning to launch products denominated in Chinese renminbi. The exchange aims to draw in more liquidity from international investors and strengthen Hong Kong’s position as a financial centre. Market data feeds for HKMEx will also be included.
The BT Radianz Cloud connects to 700 member sites in Hong Kong, and extends to 170 countries around the world.
“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,” said William Barkshire, co-president of HKMEx.
The deal follows on from a separate but similar agreement with technology company IPC, in which HKMEx joined the Connexus Financial Extranet, which connects to 4,000 market participant locations in 60 countries. Meanwhile earlier this year, equity exchange HKEx improved its connectivity to the outside world through a deal with low-latency specialist Telestra Global at its new data centre at Tseung Kwan O.
