 |
HONG KONG, June 20, 2018 /PRNewswire/ -- Infocast Ltd., a leading B2B financial technology vendor in Hong Kong, today announced that it will start distributing U.S. equities market data provided by Cboe Global Markets, Inc., one of the world's largest exchange holding companies, to banks and brokerages in Hong Kong and across Asia.
Infocast shall be licensed to redistribute the Cboe BZX Top U.S. market data within three of its solutions -- (1) the InvesTrade securities trading solution, (2) the InvestGO investor terminal, and (3) the Exchange API licensed redistribution service.
The Cboe BZX Top Feed is a market data product from Cboe Global Markets (distributed by its subsidiary Cboe Data Services, LLC.) that provides the real-time "top-of-book" prices for stocks listed across all U.S. exchanges and traded on the firm's BZX Equities Exchange through a single license.
Infocast is responding to Hong Kong's increasing interest in the U.S. stock market, especially amongst local retail investors and category B-to-C brokerage firms. Furthermore, the connection between the performances of the Hong Kong and U.S. stock markets has been strengthened by the effects of globalization.
In particular, Hong Kong-listed "new economy" stocks within the technology sector, such as Tencent, and the automobile sector, such as Geely Auto), are directly affected by their U.S. counterparts. The trend looks sent to continue as an increasing number of international companies are considering an IPO in Hong Kong, such as mobile phone manufacturer Xiaomi.
The license shall allow Infocast to offer Cboe's real-time U.S. market data via three channels -- InvesTrade, InvestGO and Exchange API.
InvesTrade is Infocast's award-winning securities trading solution. InvesTrade is packaged as an all-in-one system for banks and brokerages to conduct their securities trading business. The solution caters to the entire stock trading lifecycle, and includes front-and-back office terminals for brokerage staff and also web-and-mobile terminals for end-user clients. InvesTrade is also capable of multi-markets trading via integrated FIX engines and selection of execution brokerages. InvesTrade is available as-a-service with cloud-hosted infrastructure, and is fully compatible with the trading and security requirements of Hong Kong's securities regulators.
InvestGO is Infocast's next-generation market information terminal. InvestGO focuses on providing real-time stock market data within an intuitive, insightful and actionable experience for both professional and retail investors. InvestGO uses the latest technologies, programming languages and design philosophies to deliver empower users. In particular, InvestGO is built around its powerful Quote and Watch functions to quickly display all the relevant stock market information. It employs distinctive visual aids, such as interactive dynamic icons, professional charts, overlays, heatmaps, calendars and lists, to convey key events and technical analytics.
Exchange API is Infocast's datafeed service. Infocast is licensed to directly redistribute the BZX Top feed to financial institutions in Hong Kong and Asia. Therefore brokerages contracting with Cboe Global Markets can choose Infocast as the vendor from which they shall receive BZX Top market data.
Ms. Cecily Ho, Infocast's President, said, "Cboe's license with Infocast is an ideal opportunity to bridge the Hong Kong and U.S. stock markets. The license enables Infocast to supply Cboe's real-time U.S. market data to Hong Kong's banks, brokerages and investors in a way that is both convenient and cost-effective."
Mr. Sammul Lee, Infocast's Head of Information Systems, adds, "Many Hong Kong firms have been interested in expanding to U.S. market data, but have been deterred by high price barriers and complex licensing schemes. Infocast is able to solve these issues by integrating Cboe's real-time U.S. market data into our turn-key products -- InvesTrade, InvestGO and Exchange API. We are confident that this data shall yield meaningful benefits for Hong Kong's securities brokerage industry and enable investors to geographically diversify their portfolios."
For more information about Infocast's solutions and services, please visit http://www.infocast.com.hk/portfolio. For more information about Cboe BZX Top, please visit http://markets.cboe.com/us/equities/market_data_products.
About Infocast Ltd.
Infocast Limited is a leading Hong Kong vendor of financial technology (FinTech) solutions and services. Infocast has over 20 years' experience supplying stock trading systems and market data products to over 150 banks and brokerages across Hong Kong and Asia. Employing over 100 IT professionals, Infocast specializes in developing brokerage trading platforms, banking enterprise solutions, financial market data and news content, and end-user investor applications, tailored to suit your business needs. For more information, visit www.infocast.com.hk or www.infocastFN.com.
Photo - https://photos.prnasia.com/prnh/20180607/2154351-1
Logo - https://photos.prnasia.com/prnh/20180607/2154351-1-a
