Nasdaq (Nasdaq: NDAQ) is establishing connectivity to three data centers in Hong Kong to increase its service to the Asia-Pacific (APAC) region through Nasdaq Points of Presence (POPs), helping to provide more efficient, cost-effective access to Nasdaq financial data in the region.
The Nasdaq PoP is designed to enable firms to access market data and trading applications, as well as APAC financial web portals, with real-time U.S. equity and index/ETF information from a local data center. This new, “cost-effective” service would provide firms with low latency connectivity in a resilient and secure environment.
“Nasdaq prides itself on being the premier provider of cutting-edge products to the world’s most forward-thinking investors,” said Tomas Franczyk, a Hong Kong-based Managing Director for APAC with Nasdaq’s Global Information Services. “With closer proximity to the centers that supply market data to investors, Nasdaq will be able to deliver faster service to Hong Kong, China, and the entire Asia-Pacific region.”
The new Nasdaq PoPs make available quote and trade data for all U.S.-listed equities via the Nasdaq Basic product while also offering firms the option of utilizing Nasdaq Last Sale, which offers unlimited distribution to the general investing public. It also makes available Nasdaq Global Index Services (GIDS), which would disseminate real-time values for 40,000+ Nasdaq indexes, including well-known indexes as the Nasdaq 100, Nasdaq Composite, and Nasdaq Biotech.
Nasdaq’s technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion.