HKEx network upgrade tipped to draw algo trading interest
An upgrade and new data centre for hosting services may spark interest in algorithmic trading strategies on Hong Kong stocks, as latency is reduced to below two milliseconds.
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Hong Kong Exchanges & Clearing's next generation technology upgrade via its Orion Programme is forecast to spark increased investor interest in using algorithmic strategies to trade the domestic equity market.
The HK$3 billion upgrade encompasses investment in the exchange’s core cash and derivatives trading platform, connectivity network, and a new data centre that provides a co-location hosting service for low-latency algorithmic trading strategies.
Initially HKEx plans to…
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