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irasia.com - Hutchison Telecommunications Hong Kong Holdings Limited

For immediate release

HGC appointed as an accredited SDNet/2 vendor to
serve Hong Kong Exchanges and Clearing Limited

Move offers greater freedom of choice

Hong Kong, 1 December, 2011 - Hutchison Global Communications Limited (HGC), the fixed-line operation of Hutchison Telecommunications Hong Kong Holdings Limited (HTHKH; Stock code 215), today announced that it has been appointed by Hong Kong Exchanges and Clearing Limited (HKEX) as one of three accredited Securities and Derivatives Network (SDNet/2) vendors for exchange participants, such as brokerage firms, banks and instant-access content providers.

More choice helps raise operational standards

HGC is committed to providing HKEX with top-notch telecoms support and awardwinning services, while supporting HKEX's securities and derivatives market systems via its extensive fibre-optic network and state-of-the-art telecoms facilities. HKEX implemented SDNet/1 in 2005. The upgrade of the existing SDNet/1 network to SDNet/2 allows HKEX's exchange participants and information vendors additional choices of network services to connect to the following market systems of HKEX:

  1. The Third Generation Automatic Order Matching and Executive System (AMS/3) and the Central Clearing and Settlement System (CCASS/3) that support securities trading, clearing and settlement.
  2. The Hong Kong Futures Automated Trading System (HKATS) and the Derivatives Clearing and Settlement System (DCASS) for derivatives trading, clearing and settlement.
  3. The Market Data System (MDS) and the Price Reporting System (PRS) for securities and derivatives market data services.

Various exchange participant entities using the above systems will now be able to choose from HGC's extensive range of services to help with business expansion into the future. Provided over its fibre-optic network, HGC's SDNet/2 services facilitate smooth transactional procedures and empower companies wanting to maintain a competitive advantage in the dynamic stock exchange market.

HGC meets stringent standards

HGC Commercial Director (Wholesale and Business Market) Andrew Lee said: "We are delighted to be appointed as an accredited vendor. HGC is proud to have excelled at every stage of a stringent selection process, as well as in network trials. This success 2 showcases HGC's uncompromising professionalism and world-class service, while bolstering our leading position in the local telecoms market."

HGC's advanced and highly scalable fibre-optic network, plus high bandwidth of 1Gbps, cope admirably with the various service provision requirements of exchange participants in the securities and derivatives market. HGC has also pledged network availability of 99.999%, coupled with high resilience. Round-trip latency (as designated districts fall within a 25km radius of HKEX's own data centre) is maintained at an average of 0.0015 of a second to ensure timely handling of any sudden increase in transaction, clearance and settlement activities.

First phase upgrade targeted for completion in 2012

HGC will work closely with HKEX over three phases to investigate, install, test and migrate securities and derivatives exchange participant systems. The first system upgrade phase is expected to be completed in 2012.

- Ends -

About Hutchison Global Communications Limited
Hutchison Global Communications Limited (HGC) owns one of the largest fibre-to-the-building telecommunications networks in Hong Kong. Since establishment in 1995, it has been fully committed to building its own 100% optical-fibre network infrastructure and introducing the most advanced facilities. Coupled with its four cross-border routes integrated with all three of mainland China's tier-one telecommunications operators and world-class international network, HGC provides a comprehensive range of fixed-line telecommunications services locally and overseas. HGC is a subsidiary of Hutchison Telecommunications Hong Kong Holdings Limited (HTHKH; Stock Code: 215). HTHKH is a leading integrated telecommunications service operator, offering mobile and fixed-line services to local and international customers. For more information on HGC, please visit www.hgc.com.hk. For more information on HTHKH, please visit www.hthkh.com.