Market data and trading infrastructure services firm MarketPrizm has expanded its Asia-Pacific direct market access (DMA) platform by setting up a new base at a Hong Kong Exchanges and Clearing (HKEx) data centre.
The addition has been timed to harmonise the introduction of HKEx’s Orion Central Gateway and Orion Market Data, which give traders faster access to its DMA platform and market data, which include PrizmData, the firm’s low-latency market data product.
The HKEx link-up gives buy- and sell-side clients of MarketPrizm located in the region and globally, access the firms DMA solutions. The new data centre base gives traders fast access to HKEx market data systems for cash and derivatives markets.
The CEO of MarketPrizm, Tanuja Randery, said that move was in response to high levels of demand from EMEA clients to access Hong Kong, as well as new commodities products that emerge from HKEx’s acquisition of the London Metals Exchange.
Complementing Hong Kong, MarketPrizm has also set up mutualised co-location environments in Japan, Australia and Singapore in the last two years.