Fusion Systems launches HK trading link
Fusion Systems, a provider of low-latency trading solutions, has announced that Raptor, its DMA system, has connected to the AMS/3 trading platform of Hong Kong Exchanges and Clearing (HKEx).
Raptor, which has a reported latency of 80 microseconds, provides market connectivity to both buy- and sell-side firms. Latency is expected to reduce by a further 30 microseconds within the next quarter. According to Fusion, Raptor incorporates cumulative position-based risk filters, order event resequencing, smart DMA short-sell pegging, replication, failover and full recoverability with no single point of failure.
The implementation of Raptor at HKEx follows previous rollouts of the system to the Tokyo Stock Exchange's arrowhead platform and the Osaka Stock Exchange's J-GATE system.
Fusion's Hong Kong capabilities have also been bolstered with the expansion of its business development and implementation teams in the region and the introduction of a 24/7 tri-lingual helpdesk.
“With the expected AMS/3.8 system upgrade in November 2011, we predict that this will increase the focus for sell-side and buy-side firms to further reduce latencies. We therefore anticipate major interest in leveraging Raptor for improved execution,” said Huw Rogers, a senior partner at Fusion Systems and chief architect of Raptor.
Fusion Systems has also announced a new managed service that allows Hong Kong brokers to connect directly to the Tokyo Stock Exchange (TSE), following the approval of remote membership by the TSE for Hong Kong trading firms.