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The following content is from an older version of this website, and may not display correctly. HKEx officially started construction of its $1.5bn data center today. The site will house HKEX systems and the exchange will offer brokers low latency access to its trading engine when the facility opens in Q4 2012.
The Exchange's other facilities, HKEx currently operates two primary and three back up facilities around the city, will be consolidated around the new center.
Land was bought in February 2010 in the Tseung Kwan O industrial district and development began in June 2010.
The facility will be TierIV and is going for LEED Gold certification.
The hosting business will make 1,200 cabinets available to HKEX participants and to information and technology advisors, the Exchange said, for those wishing to offer market gateways, broker supplied system software and algorithmic trading.
Members of HKEX perform the foundation stone ceremony*
Members of HKEX perform the foundation stone ceremony*
'Low-latency co-location is one of the options under the Hosting Services. Technically, the new data centre will be equipped with the physical space and world-class infrastructure to support the offering of co-location service. The ecosystem will allow EPs to connect to HKEx's trading systems and IVs to connect to HKEx's market data systems which mean low latency co-location with HKEx markets will be permitted and hosted IVs will be able to provide low-latency HKEx market data,' Exchange said.
Relocation of the primary data centres of other systems, such as the derivatives market system, is scheduled for the fourth quarter of 2013. HKEx expects majority of its IT development and support staff (approximately 250 staff members) will work at the new site.
Those with trowels: Donald Tsang, Chief Executive of the Government of the Hong Kong Special Administrative Region (sixth from right);HKEx Chairman Ronald Arculli (sixth from left);HKEx Chief Executive Charles Li (fifth from right); Hong Kong's Permanent Secretary for Financial Services and the Treasury (Financial Services), Au King-chi (fifth from left); Hong Kong's Under Secretary for Financial Services and the Treasury, Julia Leung (fourth from right); SFC Chairman Eddy Fong (fourth from left); and HKExDirectors Moses Cheng (third from left), Vincent Lee (second from left), Oscar Wong (left), T C Chan (third from right), Stephen Hui (second from right) and John Williamson (right) officiate at the foundation stone laying ceremony for HKEx's new data centr
Those with trowels: Donald Tsang, Chief Executive of the Government of the Hong Kong Special Administrative Region (sixth from right);HKEx Chairman Ronald Arculli (sixth from left);HKEx Chief Executive Charles Li (fifth from right); Hong Kong's Permanent Secretary for Financial Services and the Treasury (Financial Services), Au King-chi (fifth from left); Hong Kong's Under Secretary for Financial Services and the Treasury, Julia Leung (fourth from right); SFC Chairman Eddy Fong (fourth from left); and HKExDirectors Moses Cheng (third from left), Vincent Lee (second from left), Oscar Wong (left), T C Chan (third from right), Stephen Hui (second from right) and John Williamson (right) officiate at the foundation stone laying ceremony for HKEx's new data centr