SSCC provides database communication services for the Shenzhen Securities Exchange, one of two stock exchanges in mainland China, handling billions of Yuan in transactions annually, with 508 companies listed from across the country. With the Direcway broadband satellite network, SSCC will be able to broadcast vital stock information to stock brokerages across China in real- time, thereby improving the services they provide their customers.

"The communications demands of the Shenzhen Securities Exchange require a high-speed, reliable and secure solution that we found can only be met by using broadband satellite," said Dr. Sun Chenjian, CEO of Shenzhen Security Communication Co. "We chose HNS after testing the solution and determining that the Direcway system performance and price, and HNS' reputation, are unmatched."

Initially deployed as a one-way broadcast system, operational in December 2003, the Direcway network can be expanded easily to a two-way solution as SSCC's needs expand.

"Wide area, secure, high-speed broadcasting capabilities are critically important to the services SSCC provides Shenzhen Securities Exchange as customers are spread throughout the country and the need to provide information in real-time is essential for trading," said K.C. Kuo, vice president and general manager, Asia-Pacific Region, for Hughes Network Systems. "Direcway satellite broadband is the ideal solution to meet these requirements."

Over 13 percent of China's annual gross domestic product is traded on the Shenzhen Securities Exchange, with over 3,400 trading seats available on the Exchange-a marked increase from the mere 15 seats available when the Exchange opened in 1991. This steady expansion demonstrates the growth potential for the market and its communications needs.

"HNS is committed to providing its customers with Direcway broadband satellite solutions that grow with their needs. SSCC is an excellent example of a company that has both immediate and long-term needs that can be addressed most cost effectively by satellite. By upgrading their communications network to broadband satellite today, the company not only is meeting the current needs of its customers, but investing in their future requirements," said Bahram Pourmand, executive vice president and general manager, International Division at HNS.

Related Links
Hughes Network Systems
SpaceDaily
Search SpaceDaily
Subscribe To SpaceDaily Express

Thanks for being here; We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain. With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords. Our news coverage takes time and effort to publish 365 days a year. If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor $5 Billed Once credit card or paypal		SpaceDaily Monthly Supporter $5 Billed Monthly paypal only