Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.
LSEG Technology, subsidiary of London Stock Exchange Group, announced the go-live rollout of the HKEX Orion Central Gateway (OCG), enabling all users to electronically connect to HKEX’s securities trading systems, with an increased capacity and a more robust, low-latency technology service.
Richard Leung, Deputy Group CIO and CTO of HKEX, 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”.
HKEX Orion Technology Initiatives was launched in 2012 as part of a major transformation of its technology infrastructure, including data centers, networks, as well as the core trading infrastructure.
“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”, commented Nigel Cairns, General Manager for LSEG Technology.
Nigel Cairns is General Manager since September 2016 after 20 years in the financial markets industry. His strong track record in leading and growing risk software companies includes senior roles at Canada’s QuIC Financial Technologies Inc, where he served as CEO, and Markit, where he took the role of Managing Director, Global Head of Risk Analytics and portfolio Valuations following the company’s acquisition of QuIC in 2010.
The robust, scalable, high-performance tech LSEG Technology delivers includes broker, exchange, market data, risk management, surveillance, clearing and settlement products. The company serves market-leading trading and post-trade products to world class customers and over 40 financial market infrastructure and financial services firms, such as London Stock Exchange, HKEX, Johannesburg Stock Exchange, Singapore Exchange, Toronto Stock Exchange, and TP-ICAP.
Hong Kong Stock Exchange is the seventh-biggest stock exchange in the world by market cap. The exchange implemented the Volatility Control Mechanism (VCM) in its derivatives market on 16 January 2017.
In September 2017, the company partnered with Trading Technologies, the global provider of high-performance professional trading software to provide execution and client connectivity services.
Recently, Colt IQ Network was able to reduce the Hong Kong-to-Singapore route to approximately 29ms (RTD) going from the Hong Kong Stock Exchange (HKEX) to the Singapore Exchange (SGX).