BT Radianz has broadened the electronic trading services it offers in Hong Kong, following a deal with Hong Kong Exchanges and Clearing (HKEx).
BT will offer its Radianz Venue service at HKEx, which comprises offerings for connectivity, hosting and optimised latency that will be made available to customers hosted at the Hong Kong exchange’s new data centre.
BT Radianz Venue Access provides connectivity to the BT Radianz Cloud from 40 global non-BT data centres. BT Radianz Venue Presence is an extension of BT Radianz Proximity hosting that allows the UK-based telco to manage a client’s server and connectivity infrastructure and BT Radianz Venue Interconnect offers optimised latency between trading venues globally.
The Radianz Venue suite builds on BT's existing co-location partnership with HKEx as a founding member of the exchange's recently launched hosting ecosystem. Institutions opting for fully-managed services can benefit from cost savings compared to an in-house solution because of a reduction in the need for investment in infrastructure and equipment.
“BT’s expertise in the financial services market is helping us to create a newxt generation data centre for cash, derivatives and clearing which will increase liquidity and trading in Hong Kong’s markets and generate new revenue streams for the exchange,” said Ryan Wuebbels, head of relationship management at HKEx. “This gives us access to a new and more diverse customer base with the likely addition of buy-side firms, banks and brokers, market data vendors and providers of post-trade services.”
The addition of BT Radianz Venue complements the firm's existing managed hosting capabilities in Sydney, Hong Kong, Tokyo and Singapore.