Equinix Cloud Data Center Hosts Hong Kong Mercantile Exchange
June 2, 2011 — Equinix, Inc. (Nasdaq: EQIX), a provider of global cloud data center services, and Hong Kong Mercantile Exchange (HKMEx), which recently received authorization from Hong Kong’s Securities and Futures Commission to provide Automated Trading Services (ATS), today announced that HKMEx is hosting its production core systems in the Equinix Hong Kong (HK1) International Business Exchange™ (IBX®) data center.
HKMEx aims to provide standardized exchange-traded products on a transparent pricing platform to participants trading during Asia-Pacific market hours. The first contract will be a 32 troy ounce (1 kilo) gold futures contract offering physical delivery in Hong Kong. Additional futures and options contracts in precious metals, industrial metals, energy and agricultural commodities will be listed following the commencement of trading.
“We have built an electronic trading system and technology infrastructure that are among the most advanced of any exchange in the Asia-Pacific region,” said Lieven Van den Brande, chief operating officer for Operations and Technology at HKMEx. “Equinix is one of the key contributors to our technology advantage as we bring commodities trading to a key Asian financial center that serves as the gateway to one of the fastest-growing and commodities-hungry nations in the world – China. Equinix will assist HKMEx to reach its high reliability goals.”
HKMEx’s technology is designed to offer maximum flexibility and speed to meet the requirements of the most demanding market participants. Financial market participants who wish to optimize the speed of their transactions can do so through direct access to HKMEx within the Equinix HK1 facility, a facility also used by a comprehensive ecosystem of financial firms worldwide. The carrier neutrality and resulting network density of Equinix data centers enables HKMEx to provide low latency connectivity options to its market participants. Platform Equinix will also allow HKMEx to easily expand its operations by leveraging its highly secure, reliable and scalable data center infrastructure around the globe.
“With our proven operational track record and financial industry expertise, we are home to a well-established community of financial firms in our Hong Kong data center,” said David Wilkinson, senior director of Business Development at Equinix. “The addition of HKMEx to Platform Equinix is significant, as it expands the community of partners and end users, attracting new participants to the electronic trading ecosystem.”
About the Hong Kong Mercantile Exchange (HKMEx)
The Hong Kong Mercantile Exchange provides a seamless, state-of-the-art electronic platform for commodities trading in the Asia-Pacific time zone, riding on Hong Kong’s world-class financial infrastructure, geographical proximity to China, and unique role as China’s offshore renminbi centre.
HKMEx is authorised by the Securities and Futures Commission to operate as an automated trading services provider. HKMEx trades are cleared and settled through HKMEx-appointed clearing house LCH.Clearnet in London. Trading activity on the HKMEx trading platform is not covered by the Investor Compensation Fund.
For more about HKMEx, visit www.hkmerc.com.
About Equinix in the Global Financial Markets
Equinix provides a neutral meeting place for the world’s leading financial market participants including trading venues, buy and sell side firms, market data providers, technology providers and financial networks. These customers locate servers and infrastructure within Equinix data centers to support mission critical financial services applications with highly reliable, low-latency connectivity.
Learn more at: http://www.equinix.com/industries/financial-exchange/
Equinix, Inc. (Nasdaq: EQIX) connects businesses with partners and customers around the world through a global platform of high performance data centers, containing dynamic ecosystems and the broadest choice of networks. More than 3,350 enterprises, cloud, digital content and financial companies connect to more than 650 network service providers and rely on Platform Equinix to grow their business, improve application performance and protect their vital digital assets. Equinix operates in 37 strategic markets across the Americas, EMEA and Asia-Pacific and continually invests in expanding its platform to power customer growth.
Latest posts by cloudtweaks (see all)
- Veda Partners With IBM And Prepares For Next Phase Of Growth - August 21, 2014
- Pinup: Wearable’s Specifically For Teenagers On The Rise - August 21, 2014
- Cloud Infographic: Startup Soup – Hot or Cold? - August 20, 2014