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Colt Technology Services scoops top HKEX Award for derivatives data
Wed, 3rd Apr 2024

Colt Technology Services, the infrastructure company, has recently been honoured as the "Top Derivatives Data Vendor" in the Global category at the 2023 HKEX Awards held in Hong Kong. This accolade comes as an acknowledgement of Colt’s 'consistent and significant' contribution to supplying market data to capital markets participants and HKEX clients around the world.

The basis for the award lies in the annualised derivatives data revenue generated by Colt, from the 3rd of January to the 29th of December 2023. This prestigious award underlines Colt's achievement in the sphere of data provision to international capital markets.

Amana Lau, the Regional Sales Director and Country Manager in Hong Kong, expressed the company's appreciation to receive such a significant distinction. "We are honoured to receive the Top Derivatives Data Vendor award (Global category) at the 2023 HKEX Awards event," she said. "Our gratitude goes to our customers and partners for their support. This recognition symbolises our commitment to cultivating a thriving ecosystem and sustaining leadership in digital transformation."

According to Wesley Elder, the Product Director at Colt Global Capital Markets, the company’s success is underpinned by years of remarkable strides in the global derivatives market. “In recent years, the global derivatives market has experienced rapid growth. Our market data feeds for HKEX derivatives facilitate trading flow across multiple venues, enabling the successful capture of cross-market derivative trading opportunities. We are committed to deepening our support for our clients to help them seize market opportunities,” stated Elder.

A well known name in the realm of connectivity, hosting, and exchange colocation facilities provision, Colt’s IQ Network for financial markets boasts fast and secure connectivity to more than 80 financial exchanges spanning four continents. Its network includes over 50 unique low-latency routes, featuring prominent derivative trading routes, according to a statement from the company.

The 2023 HKEX Award is Colt’s second consecutive recognition as a top partner of HKEX. The company previously won the Top Breakthrough Derivatives Data Vendor award at the HKEX Awards the previous year, 2022. The annual HKEX Awards, now in their seventh year, are dedicated to acknowledging top-performing market participants and vendors for their considerable contributions to the growth of Hong Kong’s markets.