ASX to open Hong Kong office

Mitchell Neems

Sharemarket operator ASX Ltd will next month open an office in Hong Kong, a move the stock market operator hopes will help it cement is presence in the Asian region.

The ASX office will open on October 1 and be located in the heart of Hong Kong’s financial district. It will be headed by Asian business development manager James Keeley.

“ASX’s on-the-ground presence will enable ASX to get closer to and better service its growing customer base in the Asian region,” the company said today.

The company added that the opening of the office will coincide with the establishment of an ASX direct connection hub in Hong Kong.

“The hub will provide connectivity from Hong Kong to Australia’s financial markets community in the Australian Liquidity Centre via the ASX Net Global network,” the group said.

ASX Net Global is ASX’s secure managed network, which already has points of presence in Chicago,London and Singapore. The Hong Kong office is the latest international office opened by the ASX, after Chicago and London.

ASX deputy CEO Peter Hiom said Asia was the world’s fastest growing economic region and the source of increasing ASX customer flows.

“The establishment of an office in Hong Kong, coupled with an expansion of our global hub network, reflects ASX’s commitment to Asia,” he said.

“Being closer to our customers in the region allows ASX to deliver a more timely, informed and competitive service.

We now have points of presence in every region with strong financial markets communities, enabling ASX customers in the world’s major financial centres to access ASX’s products and services.”

Business Spectator