Euronext Concludes HKEx Project Via OMD Platform

Friday, 12/12/2014 | 15:04 GMT by Jeff Patterson
  • Euronext has announced the completion of a project with the Hong Kong Exchanges and Clearing Limited (HKEx) on the Orion Market Data Platform (OMD), helping leverage the derivatives market at HKEx.
Euronext Concludes HKEx Project Via OMD Platform
Euronext logo

Euronext has announced the completion of a project with the Hong Kong Exchanges and Clearing Limited (HKEx) on the Orion Market Data Platform (OMD), helping Leverage the derivatives market at HKEx.

Prior attempts and launches supporting HKEx’s securities market were made back in September 2013, which culminated in the inception of HKEx’s Mainland Market Data Hub in Shanghai this past March.

Earlier this week, Euronext revealed a new equity derivatives service that is slated for launch in the spring of 2015, enabling bilaterally agreed trades with flexible parameters to be reported to Euronext and cleared by LCH.Clearnet SA.

Furthermore, the adoption of Euronext’s Exchange Data Publisher (XDP), an ultra-low latency market solution, allows for the streamlined utilization of a vast array of functions for derivatives market participants.

According to Roger Lee, head of market operations for the global market division at HKEx, in a recent statement on the project, “The completion of the OMD rollout is a significant milestone in the evolution of our market platforms. OMD is a transformative system because it now brings all of our HKEx markets to the same high level of customer service, as well as extending direct distribution of our market data to the Mainland.”

“Today’s announcement is the result of a close collaboration with HKEx to develop a highly reliable and cost efficient method of distributing data to subscribers. XDP provides a solution that will allow HKEx to further develop its market and increase its value in the longer term through its flexible architecture and ability to align market data content with customer needs. We are delighted to have successfully completed this important project,” added Nick Thornton, global head of market solutions, Exchange Solutions at Euronext, in an accompanying statement.

Euronext logo

Euronext has announced the completion of a project with the Hong Kong Exchanges and Clearing Limited (HKEx) on the Orion Market Data Platform (OMD), helping Leverage the derivatives market at HKEx.

Prior attempts and launches supporting HKEx’s securities market were made back in September 2013, which culminated in the inception of HKEx’s Mainland Market Data Hub in Shanghai this past March.

Earlier this week, Euronext revealed a new equity derivatives service that is slated for launch in the spring of 2015, enabling bilaterally agreed trades with flexible parameters to be reported to Euronext and cleared by LCH.Clearnet SA.

Furthermore, the adoption of Euronext’s Exchange Data Publisher (XDP), an ultra-low latency market solution, allows for the streamlined utilization of a vast array of functions for derivatives market participants.

According to Roger Lee, head of market operations for the global market division at HKEx, in a recent statement on the project, “The completion of the OMD rollout is a significant milestone in the evolution of our market platforms. OMD is a transformative system because it now brings all of our HKEx markets to the same high level of customer service, as well as extending direct distribution of our market data to the Mainland.”

“Today’s announcement is the result of a close collaboration with HKEx to develop a highly reliable and cost efficient method of distributing data to subscribers. XDP provides a solution that will allow HKEx to further develop its market and increase its value in the longer term through its flexible architecture and ability to align market data content with customer needs. We are delighted to have successfully completed this important project,” added Nick Thornton, global head of market solutions, Exchange Solutions at Euronext, in an accompanying statement.

About the Author: Jeff Patterson
Jeff Patterson
  • 5446 Articles
  • 105 Followers
About the Author: Jeff Patterson
Head of Commercial Content
  • 5446 Articles
  • 105 Followers

More from the Author

Institutional FX

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}