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The Hong Kong Jockey Club announces signing of strategic technology services agreement with Longitude

04/22/2013

The Hong Kong Jockey Club announces signing of strategic technology services agreement with Longitude
New technology will complement the Jockey Club's commitment to innovation

The Hong Kong Jockey Club today announced the signing of a strategic technology services agreement with Longitude, a provider of next-generation information technology that performs advanced pari-mutuel mathematical calculations in a low latency computing environment using sophisticated graphics processing units. In keeping with the Jockey Club's role as a global industry leader in the application of innovative technologies to its customers and betting services, the Club will incorporate Longitude as a new addition to its technology environment and anticipates its introduction in the fourth quarter of this year.

With Longitude, the Club will deploy a newer generation of pari-mutuel system technology than the racing industry has hitherto been using that will offer its customers greater flexibility and betting capabilities. The Club believes that the partnership with Longitude will strongly contribute to its position as the leading innovator in the horse racing industry.

Additional details on the Club’s rollout of Longitude technology will be forthcoming later this year.

The Hong Kong Jockey Club

Founded in 1884, The Hong Kong Jockey Club is not only one of the world's leading horse racing organisations but also a world top 15 charitable organisation and Hong Kong's largest community contributor, donating HK$1.7 billion in 2012. It is also a major taxpayer, Hong Kong's single largest by far, generating over HK$16 billion a year for public funds. The Club pioneers technology applications for sporting and betting entertainment, striving for the highest levels of customer service. As a membership club, it is recognised as one of Asia's most prestigious, with more than 23,000 members. These multifaceted roles make it a well-respected and remarkable organisation, dedicated to its mission of enhancing the quality of life for all Hong Kong people.

Longitude

Longitude is a wholly-owned subsidiary of the International Securities Exchange Holdings, Inc. and is operated as a separate company with its own management team.  The powerful calculation engine that underlies the unique Longitude technology platform is patented globally. For more information, please visit www.longitude.com.