HKEx Implements MillenniumIT for Central Gateway

Hong Kong Star Ferry
HKEx will use the Millennium SOR platform for its Orion Gateway project.

MillenniumIT, owned by the London Stock Exchange Group, will provide HKEx with its Millennium SOR platform to support the project. Orion Gateway aims to replace the bourse's existing distributed gateway technology in its cash market with a centralized platform, in order to reduce latency and increase process efficiencies. The software is expected to go live in the third quarter of 2013.

"The HKEx Orion Central Gateway is a further step in our aim to provide a more efficient trading infrastructure for our trading community, and to boost competitiveness for the overall Hong Kong market," says Julian Ragless, senior vice president of platform development at HKEx. "In evaluating service providers, we applied a stringent set of requirements in terms of performance and functionality. We selected the Millennium SOR based on its capability to handle a high level of order throughput with microsecond levels of latency and high availability."

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Where have all the exchange platform providers gone?

The IMD Wrap: Running an exchange is a profitable business. The margins on market data sales alone can be staggering. And since every exchange needs a reliable and efficient exchange technology stack, Max asks why more vendors aren’t diving into this space.

Most read articles loading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here