SINGAPORE, Mar 14, 2012 - (ACN Newswire) - Singapore Exchange (SGX) today announced NYSE Technologies, the commercial technology division of NYSE Euronext, is extending its Secure Financial Transaction Infrastructure (SFTI) network to the SGX data centre in Singapore.
With the SFTI network in SGX's data centre, all 1,600 SFTI clients world-wide can conveniently access SGX's derivatives and securities markets. Qualified investors in Singapore can also seamlessly access NYSE Liffe, the European-based derivatives exchange of NYSE Euronext, by establishing a local connection from their Order Management Systems to the SGX data centre. SGX co-location customers will further benefit from being able to connect to NYSE Liffe quickly and cost-effectively through SFTI network access point within the SGX Co-Location data centre.
"We are delighted to be partnering with SGX on this initiative. As one of the largest exchanges in the world with a diverse and global customer base, we look to cement our presence in new and existing markets through strategic alliances - such as sharing and utilising unique services and platforms. Our partnership with SGX is an excellent strategic opportunity to expand our reach and open up our global network to the Asia trading community," said Mr Garry Jones, Group EVP and Head of Global Derivatives at NYSE Euronext.
"We are pleased to partner NYSE Technologies to offer the global investing community convenient access to both SGX and NYSE Liffe through the SFTI network. This arrangement forms part of our strategy to reach out to liquidity pools in major financial cities to facilitate cross-border trading between markets. We will continue with our international collaborative efforts to enable our customers to tap opportunities in the region," said Mr Gan Seow Ann, president of SGX.
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.
Email: [email protected]
Email: [email protected]
Mar 14, 2012 11:00 HKT/SGT
Source: Singapore Exchange (SGX)
Topic: Press release summary
Sectors: Daily Finance, Daily News
From the Asia Corporate News Network
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