Hong Kong Exchanges and Clearing Limited (HKEx) has selected NYSE Technologies' Exchange Data Publisher (XDP)™ to drive the HKEx Orion Market Data Platform. XDP is an ultra-low latency solution designed to collect, integrate and disseminate real-time market data to local customers and, using regional hubs, to customers around the globe.
The HKEx Orion Market Data Platform will deliver market data for all securities and derivatives traded by HKEx in a common message format. It will be capable of distributing more than 100,000 messages per second at microsecond latency. It will be rolled out for HKEx's securities markets towards the end of the second quarter of 2013, with a remote distribution hub in Mainland China and integration with HKEx's derivatives markets to follow.
With the establishment of remote distribution hubs under the new market data platform, HKEx will be able to establish points of presence for market data distribution outside of Hong Kong, such as in Mainland China, where information can be relayed to local customers.
“The HKEx Orion Market Data Platform will enable us to improve our customers’ market data experience by providing a suite of market data product feeds with content, market depth and bandwidth requirements tailored to suit the needs of different types of customers," said Bryan Chan, Head of Market Data at HKEx. "We selected NYSE Technologies' XDP solution based on its high performance capabilities as well as the flexibility it offered to meet our customer requirements."
XDP is based on NYSE Technologies DataFabric 6.0, an industry-leading platform offering high throughput, scalable application messaging and microsecond latency.
"HKEx's selection of XDP reaffirms our technology expertise and ability to deliver innovative products that operate effectively in markets around the world, particularly in the growing Asian marketplace," said Stanley Young, CEO NYSE Technologies. "In XDP we are providing HKEx with the robust features of a proven platform and the advantages of functions tailored to their unique trading environment. We are pleased to be working with one of the world's leading markets to deploy a world class market data platform that will serve customers in Hong Kong and Mainland China."