Nyse Technologies, the commercial technology division of Nyse Euronext (NYX), today announced that its Exchange Data Publisher (XDP) is the market data engine powering the new Hong Kong Exchanges and Clearing (HKEx) Orion Market Data (OMD) Platform.
Selected by HKEx for its industry leading, low-latency performance, XDP enables the HKEx OMD Platform to distribute market data packaged into value-added services tailored to different subscriber groups. XDP leverages NYSE Technologies' highly reliable and low-latency market data technology and offers a robust, flexible and cost-effective solution for monetizing the management and distribution of market data.
"XDP was chosen for its low latency, use of open technology and highly resilient design," said Richard Leung, HKEx's Co-Head of Information Technology Division. "OMD is the first HKEx Orion platform to be launched into production and we have been pleased with its performance."
"NYSE Technologies is honored that HKEx selected XDP to package and distribute market data services via OMD." said Nick Thornton, Global Head of Market Solutions, NYSE Technologies.
"Financial information is a vital tool for the capital markets industry and our portfolio of inno vative solutions and worldwide Access Points support our objective of building connections that empower the trading community."