Goethe-Institut

Financial and Energy Exchange Group

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Challenge

The business aim of the Financial and Energy Exchange Group (FEX) is to offer globally competitive licensed marketplaces for both derivative and equity products, with a particular focus on the development and listing of tradable products within the commodity, energy, and environmental asset classes. FEX seeks to provide market participants and users in the Asia Pacific region greater product relevance to enhance both the management of risk and the facilitation of investment in the region.

Solution

FEX has chosen the BT Radianz Cloud to provide a new and flexible way for global market participants to access its exchange.

Thomas Price, CEO at the Financial and Energy Exchange Group Limited, says: “Our service providers need to be able to offer us capabilities that are compliant, efficient, secure, and fast. BT leads the way in providing financial services cloud connectivity. They help us extend our global reach and gain greater access to the community that we need to attract new clients and grow our business.”

Supporting the world’s largest secure networked financial community, the BT Radianz Cloud consists many thousands of member locations accessing over 400 service providers. The BT Radianz Cloud offers a fully-managed private cloud solution with fast, secure and reliable connectivity. Users can consolidate external connectivity onto a single, resilient connection to save money, time, space, equipment, maintenance and management. De

Value

Tom Regent, president, global banking and financial markets at BT Global Services, says: “The global nature of the exchange sector and the need to work quickly, securely and compliantly across multiple time zones means that there is a growing value in exchanges – and their customers – connecting in a single community. BT’s depth and breadth in the exchange community mean that over 70 per cent of equity trades are conducted on exchanges connected to the BT Radianz Cloud. This puts us in a unique position in terms of the expertise we provide to our exchange clients.”

By joining the BT Radianz Cloud community – the world’s largest secure networked financial community – FEX will be able to offer easier access to the rapidly-developing Asian energy and commodity markets, linking local growth with global demand. The deal reflects the desire to increase Australia’s presence as a financial centre in the Asian region, following the introduction of new government regulations in March 2010. The rules are designed to make financial markets more innovative and efficient, supporting the development of Australia as a leading financial centre and providing a platform to attract new venues such as FEX.

FEX is the latest in a series of exchanges that have recently joined the BT Radianz community. A recent Yankee Group report found that moving to a managed network environment such as the BT Radianz Cloud can help users achieve year-on-year savings in total cost of ownership of communications of over 50 per cent.

Core BT Services

  • BT Radianz Cloud