Verizon Selected for HKEx's Hosting Services Founding Member Program

HONG KONG, May 15, 2012 /PRNewswire/ -- Verizon has been selected as one of the founding members of the Hong Kong Exchanges and Clearing Limited's Hosting Services Ecosystem. The ecosystem approach will allow market participants to subscribe to a comprehensive set of services offered by ecosystem members of HKEx's next-generation data center.

As part of ecosystem, Verizon will address the needs of customers, financial information providers and technology vendors by providing low-latency connectivity and on-demand computing solutions and services for HKEx's new data center, which will launch later this year.

Ryan Wuebbels, head of relationship management at HKEx, said: "We welcome Verizon into the Hosting Services Founding Member Program and look forward to the low-latency networking and financial communication capabilities that Verizon will bring to our Hosting Services Ecosystem."

HKEx aims to cultivate a financial services ecosystem consisting of exchange participants, information vendors, technology vendors and telecommunication providers as members.

HKEx is the holding company of The Stock Exchange of Hong Kong Limited, Hong Kong Futures Exchange Limited and Hong Kong Securities Clearing Company Limited.

Verizon recently introduced a low-latency financial service that enables firms in New York and Chicago to execute trades, securely and reliably. The Verizon Financial Network Premier Low-Latency Service -- which offers speeds as low as 14.5 milliseconds round-trip, one of the fastest speeds in the industry -- is targeted at global banks, hedge funds, market makers, pre- and post-trade service firms and money managers.

Verizon Enterprise Solutions creates global connections that generate growth, drive business innovation and move society forward.  With industry-specific solutions and a full range of global wholesale offerings offered over the company's secure mobility, cloud, strategic networking and advanced communications platforms, Verizon Enterprise Solutions helps open new opportunities around the world for innovation, investment and business transformation.  Visit verizon.com/enterprise to learn more.

Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers.  Verizon Wireless operates America's most reliable wireless network, with 93 million retail customers nationwide.  Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers integrated business solutions to customers in more than 150 countries, including all of the Fortune 500.  A Dow 30 company with $111 billion in 2011 revenues, Verizon employs a diverse workforce of nearly 192,000.  For more information, visit www.verizon.com

SOURCE Verizon

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