UK telecoms firm BT is set to provide its Radianz Venue product to Hong Kong Exchanges and Clearing Limited (HKEx), as part of a new agreement between the organisations.

The product will be supplied to customers using HKEx's new data centre, with the service expected to provide managed hosting capabilities and interconnectivity between the exchange and other global trading centres.

BT already delivers managed hosting services through its Radianz Venue product to financial centres in Sydney, Hong Kong, Tokyo and Singapore.

Commenting on the new agreement, Tom Regent, president of global banking and financial markets, and sales and marketing at BT Global Services, said the aim of the project is to help financial firms and banks to "cross-connect locally".

He said: "We are planning to offer the complete range of BT Radianz solutions to customers at the HKEx data centre.

"These customers will be able to leverage the ultra low-latency connectivity of our underlying network to gain greater speed to market and better performance."

Ryan Wuebbels, head of relationship management at HKEx, added that his organisation hopes the new data centre will open up a "new and more diverse customer base".