Technology plays an essential role in upholding Hong Kong’s status as a global financial centre. Colt Technology Services, a prominent B2B telecommunications service provider and one of the main data vendors for the Hong Kong Stock Exchange, has been consistently delivering advanced connectivity solutions to businesses in Hong Kong for over a decade.
Founded in London in 1992, Colt ventured into the Hong Kong market drawn by the abundant prospects presented by the dynamic financial hub. Today, the company is connected to over 2,500 commercial buildings that comprise 80% of Hong Kong’s business districts and has access to over 30 data centres. Its over 27,000-strong customer base worldwide includes some of the biggest firms, 18 of the top 25 banks and over 650 capital markets firms. Last year, it was named “Top Derivatives Data Vendor” (global category) at the 2023 HKEX Awards in the city.
“Colt offers the best connectivity in Hong Kong with unrivalled market data feeds. Our strategically located data centres and competitive fibre routes connecting Asia, Europe and the US are also designed to meet the unique requirements and speed of buy- and sell-side firms here, where every millisecond counts,” said Amana Lau, Regional Sales Director and Head of Hong Kong. “With the city striving to become a green tech and digital innovation hub, we believe Colt could support this ambition.”
To deliver on its vision as the digital infrastructure company of choice, Colt is leading by example. Its engineers have developed an in-house tool based on generative AI and machine learning to help provide a more timely and helpful customer experience. The tool runs 24/7, churning through tasks around the clock, which allows physical teams to “keep working” through the night, get a start on the next day and stay focused on critical jobs.
Current global geopolitical risks may impact investment in Hong Kong, which Lau says could affect Colt’s expansion. “The business landscape is increasingly fast-moving and, naturally, our customers can become more risk-averse,” she said.
“Therefore, with our ability to innovate while keeping our customers’ needs in mind, we provide products and services that make partnering with Colt a no-brainer. This includes enabling intelligent, scalable connectivity, keeping their businesses secure and enabling their success in this increasingly competitive environment.”
Colt takes its commitment to ESG very seriously. For the second consecutive year, in 2023, it was awarded a Platinum rating from EcoVadis, a globally recognized assessment platform that rates businesses’ sustainability. The platinum distinction is awarded to just 1% of global companies.
“We rely on our suppliers and take on the responsibility of ensuring they align with our commitment. We have a successful ongoing programme to build sustainability into critical business processes, and we are proud to say that more than 70% of Colt suppliers are engaged on ESG topics.”
Colt is also leading the way in the tech sector in promoting gender equality with a 50-50 split on the leadership team. It also boasts a global flexible working policy with a no-office mandate.
Lau says the company joined HKGCC for its excellent network of members from diverse industries.
“The Chamber is well established, known for its long history in Hong Kong, and respected by local and multinational enterprises. Being part of it allows us to stay connected with the leading ecosystem players in town. As part of the Innovation, Data & Communication and Industry & Technology committees, we can connect with our industry peers and seek cross-industry collaborations with other members.”
With success dependent on such collaborations, Colt’s current focus is on fostering partnerships across various industries to enrich the ecosystem and create more opportunities for everyone involved, said Lau.
Colt Technology Services
HKGCC Membership No.：HKC1202
Established：1992
Website：www.colt.net