US-based CQG today announced that it has completed its migration of servers into the Hong Kong Exchanges and Clearing (HKEx) data center located in Tseung Kwan Industrial Estate, in an effort to reduce latency through the new collocated server in Hong Kong.
CQG provides high-performance trade routing, technical analysis tools, and market data, through its product offerings, and the relocation of its servers to the new data center will enable CQG to connect faster to HKEX’s HSN network.
Relocated from Chai Wan
The company had its servers previously at China Telecom’s data center in Chai Wan in Hong Kong, and the migration to HKEX was completed on March 26th 2016 and officially announced today. The company noted that the move simplifies the connectivity to the exchange for market participants.
According to a description in CQG’s announcement, the relocated server will improve trade execution performance and reduce market data latency, as even a matter of milliseconds can sometimes make a material difference for customers.
Reduced latency expected
Commenting in an official statement, CQG’s Managing Director for Asia Pacific & Japan, Leighton Andrew, said: “The HKEX co-location allows us to provide a superior trading experience to our users, including higher performance and faster execution.”
Jonathan Leung, Head of Hosting Services at HKEX, added in a statement: “We are pleased CQG has decided to join us in our data centre. Hosting Services provide access to our core systems as well as an array of information, technology and network service providers in a secure ecosystem environment.”