The first contract will be a 1 kilo gold futures contract providing physical delivery in Hong Kong.
Equinix, Inc., a provider of global data center services, and Hong Kong Mercantile Exchange, which recently received authorization from Hong Kong’s Securities and Futures Commission to provide Automated Trading Services, today announced that HKMEx is hosting its production core systems in the Equinix Hong Kong International Business Exchange data center.
HKMEx aims to provide standardized exchange-traded products on a transparent pricing platform to participants trading during Asia-Pacific market hours. Additional futures and options contracts in precious metals, industrial metals, energy and agricultural commodities will be listed following the commencement of trading.
"We have built an electronic trading system and technology infrastructure that are among the most advanced of any exchange in the Asia-Pacific region," said Lieven Van den Brande, chief operating officer for Operations and Technology at HKMEx. "Equinix is one of the key contributors to our technology advantage as we bring commodities trading to a key Asian financial center that serves as the gateway to one of the fastest-growing and commodities-hungry nations in the world – China. Equinix will assist HKMEx to reach its high reliability goals."
Financial market participants who wish to optimize the speed of their transactions can do so through direct access to HKMEx within the Equinix HK1 facility, a facility also used by a comprehensive ecosystem of financial firms worldwide. The carrier neutrality and resulting network density of Equinix data centers enables HKMEx to provide low latency connectivity options to its market participants.
Platform Equinix will also allow HKMEx to easily expand its operations by leveraging its highly secure, reliable and scalable data center infrastructure around the globe.
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