According to Brandon Lee, a specialist in ZDNET Asia reported that Hong Kong is looking to speed up trade and transform their global equities with computerized, algorithms derived from high frequency trading. However, one issue that Hong Kong is enduring is the fact that they need to adapt to new market changes.
As the financial markets increase, the data centers in Hong Kong needs to improve. They need to keep up with the network latency and tailor the data centers to what the industries needs. In the following year, Hong Kong is looking to adapt to the low latency network and to play a role in supporting it’s bid to retain its role as one of Asia’s most established financial centers.
Compared to Tokyo which accounts for 25% of total equities of high frequency trading and Singapore which accounts for a total of 30% of cash equities, Hong Kong only accounts for about 5%. Hong Kong needs to step up and adapt to these changes if they want to remain in the game.