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CME Group signs five clients to Hong Kong telecommunications hub

22 July 2013  |  1386 views  |  0 Source: CME Group

CME Group, the world's leading and most diverse derivatives marketplace, today announced five clients have registered for and are now using its Hong Kong telecommunications hub; and they include CASH Financial Services Group, QUAM Securities, Philip Futures, and R.J. O'Brien & Associates HK Limited.

Launched in October 2012, CME Group's Hong Kong hub offers clients high-speed, cost-effective and direct point-to-point network access to the CME Globex trading platform. In May 2013 alone, four of them have gone "live", actively receiving market data and routing orders, and a few other prospects are currently in the admission process.

"The launch of our hub in Hong Kong underpins our strategy of expanding in one of the most important markets for us in Asia, and is a signal of our commitment to our clients in Asia," said Julien Le Noble, Managing Director, Asia Pacific, CME Group. "We are pleased to offer our customers a flexible, cost-effective and high-performance connection to CME Group in this fast-growing region. By connecting to this telecommunications hub in Hong Kong, clients in North Asia will have improved access, reduced connectivity costs, and lowest latency connection to CME Globex."

One of CME Group's core strategic objectives is the expansion of its business activities in Asia Pacific. Within Asia, CME Group currently has a total of 35 clients connected to its hubs across Hong Kong, Kuala Lumpur, Seoul and Singapore. For Q1 2013, CME Group posted record trading volume and revenue from Asia, up 24 per cent and 31 per cent respectively, compared with Q1 2012.

CME Group operates eleven hubs in major financial centres around the world, including Hong Kong, Kuala Lumpur, London, Mexico City, Milan, New York, Paris, Sao Paulo, Seoul, Singapore and Tokyo. CME Group launched its first telecommunications hub in Asia in June 2005, becoming the first overseas derivatives exchange to open an Asian hub in Singapore. In each hub, there are two in-country locations enabling redundant access to CME Globex, each independently connected to CME Group in Chicago, and hosted in vendor-neutral co-location facilities. 

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