HKEX Up Grades Backbone Network Infrastructure For Derivatives Markets With Nortel Optical Solutions
HONG KONG - Hong Kong Exchanges and Clearing Ltd (HKEx) has upgraded the speed and reliability of its backbone network infrastructure serving derivatives markets with high-bandwidth Optical DWDM technology from Nortel* [NYSE/TSX: NT]. HKEx is one of Asia’s largest international stock exchanges
Part of an ongoing IT infrastructure upgrade to handle growing transaction volumes, Nortel’s Optical DWDM solution will also enable HKEx to further enhance business continuity and disaster recovery capabilities across the derivatives markets network infrastructure, as well as provide a secure and reliable network platform for future integration of other IT systems.
“This optical solution allows us to benefit from Nortel’s DWDM technology for the first time,” said Alfred Wong, Chief Technology Officer and head of IT, HKEx. “This high-bandwidth, DWDM-powered network will help us to lower costs and at the same time enable high-speed, mission-critical data transmission across the core inter-site network that serves derivatives markets. The DWDM technology will also support a fast and cost-effective rollout as we integrate additional computing systems in the future.”
“Nortel has a long and successful business relationship with HKEx and recently upgraded the new network infrastructure at its revamped Trading Hall supporting approximately 300 trading terminals with an Ethernet switching solution,” said David Wong, managing director, Hong Kong, South China and Macau, Nortel. “Our leading solutions, which help meet the rapidly growing networking requirements of this high-volume stock exchange, deliver on the promise of our Business Made Simple approach in the financial services market. Our technology will also provide HKEx with new heights of security, reliability and high-speed connectivity for traders and other network users.”
Nortel Optical Metro 5200 - an integral component of Nortel Metro Ethernet Solutions - is a data-optimized DWDM platform that delivers 32 wavelengths of bandwidth, 10G scalability, sub-rate multiplexing capabilities, network management, and modeling tools that simplify the deployment of efficient DWDM metropolitan networks.
Many of the world’s largest stock exchanges are Nortel customers, with the company’s data networking solutions supporting billions of transactions daily at exchanges in New York, Sao Paulo, Buenos Aires, Bombay, Seoul, Sydney and Hong Kong.
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