NTT Communications has unveiled the new Hong Kong Financial Data Center (FDC) which is expected to work with close proximity to the data center operations of regional exchanges.
NTT said the purpose-built data center offers top-notch IT and network infrastructure to address the growing needs for industries like finance and cloud business with the most stringent requirements. The Tier IV-ready FDC offers 100% uptime service level and unrivalled security measures to protect the mission-critical data assets of enterprises.
The FDC comes online as Hong Kong’s finance industry is experiencing rapid changes and increasing demand for enhanced IT infrastructure.
Hong Kong houses the sixth largest stock exchange in the world and capital inflow is also expected to see a meteoric rise with the launches of QDII2 and RQDII pilot scheme. Many regional financial services institutions (FSIs) are boosting their IT capabilities in preparation for increasing market opportunities.
As a result, computer-driven trading is forecasted to comprise 58% for all equities trading in Singapore, Hong Kong, Japan, Australia and India this year.
Phase 2 of the FDC is expected to be completed in 2015.