20 November 2001
Hong Kong Futures Exchange Limited (HKFE), a wholly owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), today announced it will use Radianz's global financial extranet, RadianzNet, to connect HKATS, the Hong Kong Futures Automated Trading System, to financial professionals in the United States, United Kingdom and other countries worldwide.
HKFE selected Radianz because the global reach of RadianzNet and Radianz's customer base will enable HKFE to quickly connect targeted and existing HKFE market participants to HKATS.
"This agreement is part of our continuing efforts to expand the distribution of our derivatives market products and build market liquidity," said HKExs Chief Operating Officer Frederick Grede.
For Radianz, its relationship with HKEx will increase the number of exchanges using its secure Internet Protocol-based extranet to connect their trading partners. Radianz also will become aligned with a key driver of Hong Kongs financial community.
Andrew Bond-Webster, Radianz's Asia-Pacific-Australiasia vice president said, "The agreement will further strengthen Radianz's position in Hong Kong and worldwide because it will enable us to offer financial professionals access to another key exchange and a greater variety of applications and content via a single shared connection to RadianzNet."
HKEx (www.hkex.com.hk) is the publicly listed holding company of the Hong Kong stock and futures exchanges and their associated clearing houses. It provides a comprehensive range of pre- and post-trade investment services.
Radianz (www.radianz.com) is an independent company with the worlds largest Internet Protocol (IP)-based network for the global financial services industry. The company uses its network to provide superior IP connectivity and hosting services designed to meet the demands of professionals in the finance community. Radianz was established by Reuters (RTR.L) and Equant (NYSE: ENT) (Euronext Paris: EQU).
Radianz and the lighthouse logo are trademarks of the Radianz group of companies.