Nasdaq in HK upgrade accord
April 12, 2017

Nasdaq Inc has announced a new agreement with Hong Kong Exchanges and Clearing Limited (HKEX) to upgrade the technological infrastructure of Hong Kong's main derivatives market, including trading, clearing and real-time risk management technologies.

The agreement also extends the existing relationship for an additional five years; HKEX and Nasdaq have been technology partners since 1994.

Nasdaq says it will deliver a new multi-asset trading technology engine (Nasdaq Multi Matching Engine), a state-of-the-art multi-asset derivatives clearing engine and a real-time risk management solution (Nasdaq Clearing Engine and Nasdaq Real-Time Risk), which will increase performance, speed, flexibility and resilience of trading and clearing.

Further, the new platform will address the sophisticated risk management and stress testing needs of today's central counterparties and exchanges to manage risk of financial derivatives such as equity, foreign exchange, commodities and fixed income asset classes, all under the new Nasdaq Financial Framework architecture. The upgrade is expected to be completed in the second half of 2018.





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Nasdaq Inc has announced a new agreement with Hong Kong Exchanges and Clearing Limited (HKEX) to upgrade the technological infrastructure of Hong Kong's main derivatives market, including trading, clearing and real-time risk management technologies.

The agreement also extends the existing relationship for an additional five years; HKEX and Nasdaq have been technology partners since 1994.

Nasdaq says it will deliver a new multi-asset trading technology engine (Nasdaq Multi Matching Engine), a state-of-the-art multi-asset derivatives clearing engine and a real-time risk management solution (Nasdaq Clearing Engine and Nasdaq Real-Time Risk), which will increase performance, speed, flexibility and resilience of trading and clearing.

Further, the new platform will address the sophisticated risk management and stress testing needs of today's central counterparties and exchanges to manage risk of financial derivatives such as equity, foreign exchange, commodities and fixed income asset classes, all under the new Nasdaq Financial Framework architecture. The upgrade is expected to be completed in the second half of 2018.



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