HKMEx connects to IPC's Connexus Financial Extranet
Date: Nov 30, 2012
Categories: Markets & Exchanges, Technology & Operations
Keywords: IPC Systems, HKMEx
Jersey City/ Hong Kong, November 28th 2012 – IPC Systems, Inc., a leading provider of voice and electronic trading communications solutions to the world’s top financial services firms and global enterprises, today announced that the Hong Kong Mercantile Exchange (HKMEx) is now connected to IPC’s Connexus Financial Extranet, enabling market participants hosted on the Exchange to further extend their reach in the global trading community.
HKMEx provides a state-of-the-art electronic platform for market participants around the world to trade commodities in the Asia-Pacific time zone. Its products are tailored to address the need for transparent price discovery and benchmarking of key commodities in China, as well as the rest of Asia. They include physically-delivered gold and silver futures contracts denominated in US dollars, as well as upcoming products in Chinese Renminbi.
The announcement is part of IPC’s ongoing initiative to expand its financial markets network and supports HKMEx’s commitment to offering leadership in speed and reliability, as well as choice, to capital market participants seeking optimal connectivity approach. By connecting to the Connexus Financial Extranet, HKMEx will enable its market participants hosted at its co-location facilities to connect to IPC’s network of over 4,000 global market participants, including buy-side firms, sell-side firms, inter-dealer brokers, liquidity venues, and clearing/settlement firms.
“By connecting our co-location market participants to IPC, HKMEx reaffirms its ongoing commitment to bridging China’s fast-growing commodity markets with the rest of the world,” said Stephane Lannoy, Executive Director for Operations and Technology at HKMEx. “We look forward to welcoming traders from IPC’s global community to access members hosted at HKMEx.”
“HKMEx is quickly becoming an industry leader within the international and Asian trading communities, and offers innovative products that will prove attractive to our global network,” said David Dodd, Senior Vice President and Managing Director of IPC Systems in the Asia-Pacific region. “We’re committed to expanding the global reach of our network to all the key developed, emerging and frontier markets. Our collaboration with HKMEx demonstrates IPC’s determination to build out our network across the Asia-Pacific region.”
Connexus is part of the IPC Financial Markets Network service portfolio which also includes Trader Voice and Enhanced Voice Services. IPC’s Financial Markets Network interconnects global financial centers and allows access to more than 4,000 market participant locations in over 700 cities in nearly 60 countries.
Re-disseminated by The Asian Banker