26 July 2016
Find out more

HKEx launches ASP programme

13 August 2014  |  1527 views  |  0 Source: Hong Kong Exchanges and Clearing

Hong Kong Exchanges and Clearing Limited (HKEx) announced today the establishment of a framework to support Application Service Providers (ASPs).

ASPs play a vital role in HKEx's market ecosystem by providing services to Exchange Participants (EPs) and connecting investors to HKEx’s markets through EPs.

The new framework allows ASPs to contract directly with HKEx Hosting Services to establish an HKEx Service Network (HSN) link to HKEx's trading, clearing and market data systems that can be shared by their EP customers through individual HSN Virtual Ports (HSNVPs). EPs may be able to lower their operating costs and increase their efficiency by having an HSNVP and accessing HKEx products directly through an ASP.

So far, the following firms have confirmed they will sign up with HKEx Hosting Services to provide ASP connectivity service at HKEx's Tseung Kwan O data centre in Hong Kong:

  • 2GoTrade Limited;
  • Ayers Solutions Limited;
  • iAsia Online Systems Limited; and
  • SunGard.

In terms of market data, the new framework allows ASPs to enter into a licence agreement that permits them to connect directly to HKEx's market data platform and redistribute data from HKEx's markets to their clients that are HKEx-licensed information vendors or licensed end-users. ASPs with such an agreement can avoid the collection and reporting obligations of information vendors by acting as a licensed feed provider for HKEx market data. 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit VocaLink.comFind out moreVisit www.abe-eba.eu

Top topics

Most viewed Most shared
satelliteContactless Bitcoin startup Plutus Tap &am...
9247 views comments | 9 tweets | 4 linkedin
MasterCard agrees £700m VocaLink acquisitionMasterCard agrees £700m VocaLink acqu...
9218 views 14 comments | 32 tweets | 38 linkedin
Apps crush internet for UK banking loginsApps crush internet for UK banking logins
7724 views comments | 18 tweets | 25 linkedin
hands typing furiouslyHow machine learning can cut costs on tran...
5891 views 0 | 9 tweets | 2 linkedin
Thomson Reuters and Imperial College form fintech and regtech research partnershipThomson Reuters and Imperial College form...
5891 views comments | 29 tweets | 16 linkedin

Featured job


Brussels (Belgium) or Paris (France)

Find your next job