SINGAPORE, Apr 18, 2011 - (ACN Newswire) - Singapore Exchange (SGX) today launched SGX Co-Location Service, offering the fastest connection to its markets.
SGX Data Centre, which officially opened on 11 April, serves as the launch pad for SGX Co-Location. By locating their systems at SGX Data Centre with SGX's trading, market data and clearing engines, Co-Location customers will experience connectivity speeds of at least 250 times faster than conventional access methods in Singapore. SGX Co-Location service will be the connection of choice to SGX Reach, the world's fastest trading engine which will start operating in August this year, offering response times of less than 90 microseconds.
Mr Gan Seow Ann, President at SGX said, "SGX Co-Location Service is a key part of our $250 million Reach technology initiative to deliver the fastest access to the world's most exciting economies. Customers can expect a trading environment with even greater market liquidity and velocity, thereby strengthening Singapore's position as the gateway to Asia."
Since the initial take-up of SGX Co-Location in June 2010, over 50 market participants, including brokers, proprietary trading firms, funds and software vendors, have subscribed to the service and 30% more space has been allocated to cater to growing demand.
About Singapore Exchange (SGX)
Singapore Exchange (SGX) is the Asian Gateway, connecting investors in search of Asian growth to corporate issuers in search of global capital. SGX represents the premier access point for managing Asian capital and investment exposure, and is Asia's most international exchange with about 40% of companies listed on SGX originating outside of Singapore. SGX offers its clients the world's biggest offshore market for Asian equity index futures, centred on Asia's three largest economies - China, India and Japan.
In addition to offering a fully integrated value chain from trading and clearing, to settlement and depository services, SGX is also Asia's pioneering central clearing house. Headquartered in Asia's most globalised city, and centred within the AAA strength and stability of Singapore's island nation, SGX is a leading Asian counterparty for the clearing of financial and commodity products. For more information, please visit www.sgx.com.
Tel: +65 6236 8139
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Tel: +65 6236 8658
Email: [email protected]
Apr 18, 2011 09:00 HKT/SGT
Source: Singapore Exchange (SGX)
Topic: Corporate Announcement
Sectors: Daily Finance, Daily News
From the Asia Corporate News Network
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