KVH Attends HKEx Hosting Services Information Briefing Session
In May, representatives from KVH’s International Business Unit attended and presented at the HKEx Hosting Services Information Briefing Session in Hong Kong, an event held by the Hong Kong Exchange (HKEx) for members of the HKEx Founding Members Programme.
Zhongmin Guo, Executive Vice President of International at KVH, presented at the event on KVH’s capabilities in Hong Kong and the advantages of leveraging KVH’s services to enter the HK market. Over 300 industry professionals attended the session and throughout the 2-day event, Zhongmin met with a range of KVH customers, partners, and even competitors to discuss the market and how HKEx’s new data center will open new opportunities for investors and traders.
The key topics and observations from the event included:
Window to China: HKEx is continuing to position itself as the primary vehicle for investors of RMB products. Their newly introduced Hosting Services at their new data center are aimed at further elevating Hong Kong as an international financial center by introducing an interactive ecosystem environment that supports electronic trading with HKEx Securities and Derivative markets.
Dim Sum Bonds: The growing interest in “Dim Sum Bonds” (bonds that denominate in Chinese Yuan and are issued in Hong Kong) is boosting activities in the Hong Kong market as this provides an option for foreign investors looking to avoid the restrictions of China’s capital controls.
HKEx Trading Engine: Currently, the HKEx trading engine is seen as not being sufficiently equipped for HFT, despite offering low latency access to the HK trading market and low latency direct HKEx market data feeds. HKex plans to make the engine significantly more efficient and fast, and with the capacity to handle more throughput in order to attract high frequency traders to this market.
Hong Kong Buzz: Overall, the atmosphere in Hong Kong and among the financial services market is very dynamic, with traders busily readying themselves for the current and upcoming opportunities that the new HKEx data center presents.
HKEx’s new data center has a total floor area of 31,400 square meters and is a state-of-the-art purpose built facility designed to meet Tier 4 and LEED Gold Rating specifications. The data center is planned to open in September for the cash market and in the next Q1 for the derivative market, as a consolidation of all HKEx data centers.
Please click on the below links for more information.
KVH Press Release: HKEx Selects KVH as a Hosting Services Founding Member
HKEx Press Release: HKEx Announces Founding Members of the Hosting Services Ecosystem
For information on KVH services in and with Hong Kong, contact the KVH Hong Kong Office via hk-sales@kvh.co.jp
