William Barkshire, co-president of HKMEx, said: “Joining the BT Radianz Cloud community enables us to increase the number of our market participants, while at the same time bringing our Asia-focused products — including upcoming renminbi-denominated precious and base metals futures products — to investors around the world who are eager to capitalize on China’s phenomenal economic growth.”
The BT Radianz Cloud platform offers cost-effective managed access to the largest secure networked financial community in the world. It already links to more than 700 member sites in Hong Kong, including many of HKMEx’s clearing members and broking members, and reaches more than 170 countries around the world.
Tom Regent, president, global banking & financial markets, BT, said: “We have made significant investments in Asia-Pacific and recognise the region’s strategic importance for our member community and BT. We are delighted to welcome HKMEx into the BT Radianz Cloud.
“More than 100 trading venues around the globe across all asset classes can already be accessed by the many thousands of members of our BT Radianz Cloud community. This reflects the growing desire of market participants internationally to have access to investment opportunities outside of their domicile and demonstrates the increasing need for greater inter connectivity between the world’s financial markets.”
About BT
BT is one of the world’s leading providers of communications services and solutions, serving customers in more than 170 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to its customers for use at home, at work and on the move; broadband and internet products and services and converged fixed/mobile products and services. BT consists principally of four lines of business: BT Global Services, BT Retail, BT Wholesale and Openreach.
In the year ended 31 March 2012, BT Group’s revenue was £18,897m with profit before taxation of £2,445m.British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York. For more information, visit www.btplc.com
