Hong Kong Exchanges and Clearing inks deal with Transaction Network Services
Transaction Network Services (TNS) and Hong Kong Exchanges and Clearing (HKEX) have signed a deal which will see the former provide local and international low-latency connectivity for trading partners.
HKEX has more than 2,300 companies listed
TNS will connect HKEX, which has more than 2,300 listed companies, with trading partners, and offer hosting options at the HKEX HDC data centre. It will also become an application service provider for HKEX’s equities and derivatives market data.
“HKEX is an exciting addition to our global financial community,” says Stefano Durdic, managing director of TNS’ Financial Services business. “The Asian financial markets continue to grow quickly and HKEX is taking significant steps to expand its market position further.
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“It has made investments in schemes that allow foreign investors to trade on mainland Chinese exchanges via the HKEX infrastructure and updated listing rules which have attracted major multi-national companies and tech startups. We look forward to helping traders reach this significant market.”
HKEX dropped its £32 billion offer for the London Stock Exchange earlier this month, ending a takeover saga which could have seen the creation of a worldwide capital markets operator. Charles Li, chief executive of HKEX, admitted that the board had concluded the offer was not in the best interests of its shareholders.
