CME Group Signs Up Five Clients For Hong Kong Telecommunications Hub
HONG KONG, July 21, 2013 /PRNewswire/ -- 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.
As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the world's leading central counterparty clearing providers, which offers clearing and settlement services across asset classes for exchange-traded contracts and over-the-counter derivatives transactions. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk.
CME Group is a trademark of CME Group Inc. The Globe Logo, CME, Globex and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc. CBOT and the Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are registered trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. KCBOT, KCBT and Kansas City Board of Trade are trademarks of The Board of Trade of Kansas City, Missouri, Inc. All other trademarks are the property of their respective owners. Further information about CME Group (NASDAQ: CME) and its products can be found at www.cmegroup.com.
SOURCE CME Group