Hong Kong Mercantile Exchange Connects to TNS
Asia’s much anticipated and newest exchange, the Hong Kong Mercantile Exchange, is set to boost its global launch with a connection to Transaction Network Services’ (NYSE:TNS) Secure Trading Extranet.
As it builds Asia’s exchange linking international and Mainland China markets, Hong Kong Mercantile Exchange (HKMEx) has selected Transaction Network Services (TNS) to provide secure, resilient and low-latency connectivity services to its clients. TNS’ Secure Trading Extranet will support order flow and market data between HKMEx and its market participants around the world and will assist the Exchange as it expands commodities trading in Asia.
By linking to TNS’ Secure Trading Extranet, HKMEx can offer its market participants low latency, cost-effective, robust and high-speed connectivity. Through TNS’ extensive network, trading firms can gain access to multiple service providers and trading counterparties.
“Technology plays a crucial part in HKMEx’s attractiveness to financial market participants, so by connecting to TNS’ Secure Trading Extranet we are strengthening our infrastructure and providing more choice as we prepare for our forthcoming launch,” said Lieven Van den Brande, Chief Operating Officer, Operations and Technology. “TNS’ network will potentially allow Exchange members to connect to our Pearl® trading engine from literally anywhere in the world.”
HKMEx has developed an innovative pricing platform, providing vital market liquidity to serve growing customer demand in Greater China and beyond. The connection with TNS will allow new and established members of TNS’ extensive global community to quickly and easily begin trading on HKMEx.
John Owens, Vice President of Exchanges and ECNs for TNS’ Financial Services Division, said: “We are very pleased to welcome HKMEx to the growing portfolio of exchanges on our network. Asia is a fast-growing market and we are delighted to be supporting the forthcoming launch. HKMEx has generated a lot of interest within the industry and we are looking forward to providing the Exchange and its customers with high availability, low latency connectivity services to quickly support their electronic trading needs.”
TNS’ Secure Trading Extranet connects over 1,600 financial community end-points, representing buy-side and sell-side institutions, market data and software vendors, exchanges and alternative trading venues. It boasts over 115 points of presence and provides services to clients in over 28 countries across America, Europe and the Asia Pacific region, with its reach extending to many more countries.
