Working with HKEX, LSEG Technology’s MillenniumIT has successfully delivered and integrated the OCG technology with the Orion Trading Platform enabling all users to electronically connect to HKEX’s securities trading systems.
The upgraded direct order gateway will increase capacity and allow HKEX to offer a more robust, low-latency technology service.
HKEX originally launched its “HKEX Orion Technology Initiatives” in 2012 as part of a major transformation of its technology infrastructure. The programme included transforming data centres, networks, as well as the core trading infrastructure.
HKEX deputy group chief information officer and chief technology officer Richard Leung said: “Working with LSEG Technology to improve the Orion Central Gateway has enabled us to provide low latency, scalable and resilient connectivity for over 600 exchange participants.
“The successful implementation and roll-out of the project will significantly enhance our ongoing system performance and HKEX’s position within the exchange community. In recent weeks we’ve seen record volumes and are pleased with the performance of the new Orion Central Gateway”.
LSEG Technology general manager Nigel Cairns said: "LSEG Technology is delighted to work with HKEX to enhance their market positioning and connectivity to its Exchange community. Developed through MillenniumIT, the Orion Central Gateway has enabled us to establish a close working relationship to explore expanding the services provided across both trading and post trade.”
LSEG Technology delivers robust, scalable, high-performance technology including broker, exchange, market data, risk management, surveillance, clearing and settlement products to customers around the world.
LSEG Technology’s market-leading trading and post-trade products, empowered with key patented technology, helps improve operational efficiencies for over 40 financial market infrastructure and financial services firms, which include London Stock Exchange, HKEX, Johannesburg Stock Exchange, Singapore Exchange, Toronto Stock Exchange, TP-ICAP and other markets worldwide.
Source: Company Press Release
