RTS continues to expand in the Middle East and Asia Pacific, with important recent developments in Dubai, Hong Kong and Shanghai.
In May, the firm announced plans to open its newest data center in Dubai, the first Middle East site in the RTS global data center network. Expected to go live in mid-July, the new data center will offer ultra-low latency access to the Dubai Gold & Commodities Exchange (DGCX), one of the fastest growing exchanges in the world.
The data center will reside in the new DGCX co-location facility, which opened with the exchange’s successful migration to its new low latency trading platform. RTS clients in Asia, the United States and Europe can enjoy hedging and market making opportunities on DGCX.
Gary Anderson, CEO of DGCX, said: “DGCX is in the midst of an exciting growth phase following the implementation of the EOS Trade platform this year. The integration of RTS’ Dubai data center into DGCX’s co-location facility will further enhance ultra-low latency connectivity to the Exchange for market participants and support them in maximizing trading strategies.”
From the Dubai site, RTS will also continue to provide low latency access also to the Dubai Mercantile Exchange (DME) and Bahrain Financial Exchange (BFX).
In Greater China, RTS continues to build on its growth and just established a Chinese-language website. CEO Steffen Gemuenden said there has been large demand from industry-leading brokers in both Hong Kong and Mainland China for global connectivity, direct market access (DMA) and the firm’s RTD Tango Trader and RTD Tango QUANT algorithmic trading solutions.
RTS is one of the leading vendors for the new, state-of-the-art Hong Kong Exchange (HKEx) Orion trading and market data initiatives. The new market data platform provides a suite of low latency market data product feeds with content, market depth and bandwidth requirements tailored to suit the needs of different customer types. It also enables the exchange to establish points of presence for market data distribution outside of Hong Kong, including on Mainland China. The HKEx Orion Market Data platform covers all of the exchange’s asset classes in a common message format. Migration will take place over the coming months, with cash market data expected in August, cash and derivatives trading later in the year and derivatives market data in 2014.
RTS also plans to relocate its Hong Kong data center by the end of the year to the HKEx co-location facility. With the co-location and Orion capabilities, market participants in Hong Kong will be able to compete more aggressively in the high frequency trading space and can use RTS products and services to leverage their capabilities globally.
The firm’s Hong Kong operation, RTS Realtime Systems HK Limited, just exhibited at LME Week Asia 2013 in Hong Kong.