LONDON & NEW YORK & HONG KONG & RIYADH, Saudi Arabia--(BUSINESS WIRE)--Dec 18, 2024--
Options Technology (Options), the world’s leading managed service provider (MSP) in capital markets infrastructure and technology, today announced the successful deployment of its AtlasFabric and AtlasFeed offerings for market data and trading infrastructure services at the Saudi Exchange's Tadawul Data Center in Riyadh, KSA, (Kingdom of Saudi Arabia).
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This significant milestone marks a pivotal moment in Options’ continued global expansion, bringing advanced technology solutions to clients into the MENA region whilst also providing seamless access for clients from other regions to enter this market via low latency infrastructure via the firm’s recently launched Atlas product suite.
Danny Moore, President and CEO at Options, commented, “We’re thrilled to announce the deployment of AtlasFabric and AtlasFeed at the Saudi Exchange. Unprecedented client demand in the region highlighted the need for a low-latency solution to access this critical market. This deployment not only delivers on that demand but also lays the foundation for an exciting roadmap of new feed deployments in 2025. It’s a significant milestone in our global expansion and a testament to our commitment to delivering cutting-edge infrastructure where our clients need it most."
Discover the power of real-time insights and unparallelled transparency with the AtlasVision monitor here.
Today’s news comes as the latest in a series of major milestones at Options, including the launch of the industry’s first low latency Bergamo tickerplant, the acquisition of Packets2Disk and significant investment from Vitruvian Partners .
Options Technology:
Options Technology (Options) is a financial technology company at the forefront of banking and trading infrastructure. We serve clients globally with offices in New York, London, Belfast, Cambridge, Chicago, Hong Kong, Tokyo, Singapore, Paris, and Auckland. At Options, our services are woven into the hottest trends in global technology, including high-performance Networking, Cloud, Security, and AI (Artificial Intelligence).
www.options-it.com
Options Delivers Industry-Leading MSP Deployment at Tadawul Saudi Exchange Facility (Graphic: Business Wire)
MACAO (AP) — Chinese President Xi Jinping on Wednesday began a three-day visit to Macao to mark the 25th anniversary of the casino city’s return to Chinese rule.
Xi and his wife, Peng Liyuan, were welcomed at the airport by a lavish ceremony with lion and dragon dances. Xi told reporters that Macao, a former Portuguese colony of 687,000 people, is “the pearl in the motherland’s palm.”
“I believe that as long as we fully leverage the institutional advantages of ‘one country, two systems,' dare to strive hard, and have the courage to innovate, Macao will certainly create an even better tomorrow,” he said.
Like neighboring financial hub Hong Kong, Beijing has ruled Macao under the “one country, two systems” principle that allows the cities to retain their own Western-style legal and economic systems. Macao is the only city in China where casino gambling is legal.
Since the 1999 handover from Portugal to China, Macao has transformed from a monopoly-driven casino hub into the world’s biggest gambling center that's been flooded by tourists, mainly from mainland China.
Over the years, violent crimes linked to organized crime were brought to heel. Older residents generally considered their fortunes have improved under Chinese rule, pointing to better welfare and annual cash handouts backed by huge gaming tax reserves.
But following huge anti-government protests in 2019 in nearby Hong Kong, authorities have further tightened control in the city although political activism there did not pose the same threat to Beijing.
A vigil commemorating China’s bloody 1989 military crackdown on the Tiananmen Square pro-democracy protests was banned. Pro-democracy figures were barred from joining the legislative election in 2021. Last year, the city toughened its national security law and vocal political dissent has largely been silenced.
China's leadership is more concerned about diversifying Macao's economy, which has been heavily reliant on the gaming and tourism sectors.
Its incoming leader Sam Hou Fai, who was elected by about 400 Beijing loyalists in October, said the economic diversification is a key issue. The former top judge promised to accelerate plans to boost tourism and other sectors such as traditional medicines, finance, tech, exhibitions and commerce.
However, the city remains reliant on the gambling industry for revenues to support welfare programs and other goals laid out by Beijing, analysts say.
Xi will attend the inauguration ceremony of the new government on Friday and is expected to lay out his expectations for the city.
China has helped promote Macao's development by designating a special zone on neighboring Hengqin island in Zhuhai city that Macao and mainland Chinese authorities will jointly run.
Security has tightened during Xi's visit, including a ban on flying drones between Dec.14-22.
Leung reported from Hong Kong.
China's President Xi Jinping and his wife Peng Liyuan wave as they arrive at the airport in Macao, China, Wednesday, Dec. 18, 2024, ahead of celebrations marking the 25th anniversary of the casino city’s return to Chinese rule. (Eduardo Leal/Pool Photo via AP)
China's President Xi Jinping, center, speaks upon his arrival at the airport in Macao, China, Wednesday, Dec. 18, 2024, ahead of celebrations marking the 25th anniversary of the casino city’s return to Chinese rule. (Eduardo Leal/Pool Photo via AP)
China's President Xi Jinping, right, speaks upon his arrival at the airport in Macao, China, Wednesday, Dec. 18, 2024, ahead of celebrations marking the 25th anniversary of the casino city’s return to Chinese rule. (Eduardo Leal/Pool Photo via AP)
Children wave the flags of China and Macao prior to Chinese President Xi Jinping's arrival at the airport in Macao, China, Wednesday, Dec. 18, 2024, ahead of celebrations marking the 25th anniversary of the casino city’s return to Chinese rule. (Eduardo Leal/Pool Photo via AP)
China's President Xi Jinping, center left, and his wife Peng Liyuan alight from their aircraft after arriving at the airport in Macao, China, Wednesday, Dec. 18, 2024, ahead of celebrations marking the 25th anniversary of the casino city’s return to Chinese rule. (Eduardo Leal/Pool Photo via AP)
China's President Xi Jinping, center right, shakes hands with outgoing Macao Chief Executive Ho Iat-seng as he arrives at the airport in Macao, China, Wednesday, Dec. 18, 2024, ahead of celebrations marking the 25th anniversary of the casino city’s return to Chinese rule. (Eduardo Leal/Pool Photo via AP)
China's President Xi Jinping, left, and his wife Peng Liyuan, right, arrive at the airport in Macao, China, Wednesday, Dec. 18, 2024, ahead of celebrations marking the 25th anniversary of the casino city’s return to Chinese rule. (Eduardo Leal/Pool Photo via AP)
China's President Xi Jinping, center, greets children waving the flags of China and Macao, as his wife Peng Liyuan, right, looks on upon arrival at the airport in Macao, China, Wednesday, Dec. 18, 2024, ahead of celebrations marking the 25th anniversary of the casino city’s return to Chinese rule. (Eduardo Leal/Pool Photo via AP)
China's President Xi Jinping speaks upon his arrival at the airport in Macao, China, Wednesday, Dec. 18, 2024, ahead of celebrations marking the 25th anniversary of the casino city’s return to Chinese rule. (Eduardo Leal/Pool Photo via AP)
