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A-Team Insight Blogs

Juniper To Provide HKEx With Network Infrastructure for Orion Data Centre

Juniper Networks will be providing low-latency network infrastructure based on its QFabric architecture to Hong Kong Exchanges and Clearing (HKEx) for its new data centre, being rolled out as part of the exchange’s Orion technology transformation program.

HKEx will become the first financial services customer in Asia for Juniper’s QFabric, which is being implemented and supported by the networking vendor’s partner, Wharf T&T. The network will feature top-of-rack 10gE switches, with local 10gE and remote 100 megabit connections to customers. Junos Space will be used to manage the network, which will be designed to provide network protection and fairness in terms of latency to HKEx’s co-location customers.

Orion comprises upgrades to HKEx’s core trading platforms to reduce latency, including connectivity/networks, a new state-of-the-art data centre, and systems providing order matching, market data dissemination and market access services. The multi-million dollar program encompasses both securities and derivatives markets, from trading operations to clearing, and will run through the end of 2013. The data centre upgrade and co-lo services are due to come on stream in Q4 of this year.

HKEx has already made (and been subject of ) a number of announcements related to its more than 20 co-lo hosting partners. Also, NYSE Technologies has announced that it will be providing market data dissemination technology – XDP – to distribute market data to local clients and to regional hubs, the first of which will be located in mainland China.

XDP – for Exchange Data Publisher – is based on NYSE Technologies’ DataFabric 6.0 middleware. HKEx’s implementation will be capable of distributing more than 100,000 messages per second at microsecond latency.

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