HKMEx Joins BT Radianz Cloud Community

BT Radianz Cloud community now provides access to over 100 trading venues

BT today announced that the Hong Kong Mercantile Exchange (HKMEx) has joined the BT Radianz Cloud community. HKMEx is now offering access to trade its range of commodity futures products as well as its market data feeds to BT’s financial cloud community, further attracting liquidity from international investors and strengthening Hong Kong’s position as a major financial centre.

William Barkshire, co-president of HKMEx, said: “Joining the BT Radianz Cloud community enables us to increase the number of our market participants, while at the same time bringing our Asia-focused products — including upcoming renminbi-denominated precious and base metals futures products — to investors around the world who are eager to capitalize on China’s phenomenal economic growth.”

The BT Radianz Cloud platform offers cost-effective managed access to the largest secure networked financial community in the world. It already links to more than 700 member sites in Hong Kong, including many of HKMEx’s clearing members and broking members, and reaches more than 170 countries around the world.

Tom Regent, president, global banking & financial markets, BT, said: “We have made significant investments in Asia-Pacific and recognise the region’s strategic importance for our member community and BT. We are delighted to welcome HKMEx into the BT Radianz Cloud.

“More than 100 trading venues around the globe across all asset classes can already be accessed by the many thousands of members of our BT Radianz Cloud community. This reflects the growing desire of market participants internationally to have access to investment opportunities outside of their domicile and demonstrates the increasing need for greater interconnectivity between the world’s financial markets.”

ENDS

Notes to editor:

BT’s investments into high growth markets have helped us expand and support our global customers:

• BT is positioned by Gartner, Inc. in the Leaders Quadrant of the Asia Pacific Network Service Providers Magic Quadrant report published on 28 November 2012 and the Global Network Service Providers Magic Quadrant published on 26 March 2013*.
• BT was recognised as Best Managed Services Provider at the Telecom Asia Awards for the 4th year
• running.
• BT has offices across North-East Asia in Hong Kong (regional headquarters), Beijing, Shanghai, Dalian, Shenzhen and Seoul.
• Further details around BT Radianz Services, including names of some of the 400+ providers and brokers accessible to members of the BT Radianz Cloud can be found at www.bt.com/radianz

*About the Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose