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Hong Kong Mercantile Exchange joins BT's Radianz Cloud

This will further help attract liquidity from international investors and strengthening Hong Kong's position as a major financial centre

Press Trust of India  |  Mumbai 

British telecom giant BT today said the Hong Kong Mercantile Exchange (HKMEx) has joined its Radianz Cloud community.

HKMEx will now offer access to trade its range of commodity futures products and market data feeds to BT's financial cloud community, BT said in a statement.

This will further help attract liquidity from investors and strengthening Hong Kong's position as a major financial centre, it added.

The BT Radianz Cloud platform offers cost-effective managed access to "the largest secure networked financial community in the world", it said.

"Joining the BT Radianz Cloud community enables us to increase the number of our market participants, while at the same time bringing our Asia-focused products -- including upcoming renminbi-denominated precious and base metals futures products -- to investors around the world who are eager to capitalise on China's phenomenal economic growth," HKMEx co-president William Barkshire said.

The platform already links more than 700 member sites in Hong Kong, including many of HKMEx's clearing members and broking members, and reaches more than 170 countries around the world.

"More than 100 trading venues around the globe across all asset classes can already be accessed by members of our BT Radianz Cloud community," BT President (Global Banking and Financial Markets) Tom Regent said.

This reflects the growing desire of market participants internationally to have access to investment opportunities outside of their domicile and demonstrates the increasing need for greater interconnectivity between the world's financial markets, he added.

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First Published: Tue, May 07 2013. 15:18 IST
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