Hong Kong Exchanges and Clearing Limited (HKEx) is to integrate all of its systems via a new Internet protocol called SDNet. The CSD expects to complete the project by the end of 2007.
SDNet will be used to link the telecommunication networks for HKEx’s four existing major operating systems: AMS/3, HKATS/DCASS, CCASS/3, and MDS & PRS. Each system in SDNet will be given their own transmission channel and dedicated bandwidth, to ensure transactions are processed without interruption.
“SDNet is expected to enhance operational and trading efficiency, improve system reliability, reduce costs for brokers and market participants, and increase trade volume capacity,” says a spokesman for Citigroup in Hong Kong.