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HONG KONG, July 23, 2013 - (ACN Newswire) - Quam Limited ("Quam" or the "Group", Stock Code: 00952.hk), a Hong Kong-based financial services group, today announces that Quam Securities Company Limited ("Quam Securities"), the brokerage arm of Quam with Category B class in HKEx ranking, has registered the Hong Kong telecommunications hub of Chicago Mercantile Exchange ("CME Group") which enables Quam to access the CME Globex trading platform.
Launched in October 2012, CME Group's Hong Kong hub offers clients high-speed and direct point-to-point network access to the CME Globex trading platform that is the first- and remains among the fastest-global electronic trading systems for futures and options.
Mr Kenneth LAM, the Chief Executive Officer of Quam, said, "With the telecommunications hub in Hong Kong, Quam Securities will have improved access and high-performance connection to CME Globex, allowing us to actively and effectively receive market data and routing orders. Through CME Globex's advanced functionality, high reliability and global connectivity, we have expanded our services to and officially commenced trading of global options products since April 2013. Leveraging the hub and the edges of Quam Securities, we will continue to develop more new products with an aim to explore new revenue streams."
*for identification purpose only
About CME Group
CME Group is the world's leading and most diverse derivatives marketplace offering the widest range of global benchmark products across all major asset classes, including futures and options. CME Group brings buyers and sellers together through its CME Globex electronic trading platform and its trading facilities in New York and Chicago. CME Group operates 7 hubs in major financial centres around the world, including Hong Kong, Kuala Lumpur, London, Mexico City, Milan, New York, Paris, Sao Paulo, Seoul, Singapore and Tokyo. CME Group launched its first telecommunications hub in Asia in June 2005, becoming the first overseas derivatives exchange to open an Asian hub in Singapore. Within Asia, CME Group currently has a total of 35 clients connected to its hubs across Hong Kong, Kuala Lumpur, Seoul and Singapore.
Contact:
Quam IR
Ms Anita Wan
Tel: (852) 2217-2811
E-mail: anita.wan@quamgroup.com
Ms Sharon Au
Tel: (852) 2217-2812
E-mail: sharon.au@quamgroup.com
Topic: Press release summary
Source: Quam Limited
Sectors: Daily Finance, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
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