Traders enjoy competitive edge through new managed service with high performance connectivity and low latency
Singapore, 4 December 2007 – Singapore Telecommunications Limited (Singtel) and the Singapore Exchange Limited (SGX) today announced an agreement to provide financial institutions in Singapore and around the world with direct connectivity to SGX derivatives and data platforms. This is made possible through Singtel’s eXchange360 service, which is launched today.
Leveraging Singtel’s robust global network infrastructure, the eXchange360 service offers high bandwidth connectivity with near-zero latency. This will enable traders to retrieve market data feeds and execute instant electronic trade transactions in the SGX derivatives markets. Customers may also co-locate their own applications within Singtel’s award-winning EXPAN data centres.
Singtel’s eXchange360 is a fully managed, end-to-end hosted service targeting the financial institutions such as brokerage firms, fund management companies and proprietary trading firms in Singapore and major financial cities in Chicago, London, New York, and Tokyo. It provides customers with a whole new level of interconnectivity, creating a financial services community that is secure and highly scalable. Customers will benefit from having easy access to a diverse ecosystem of services and systems.
The proximity trading service proactively monitors customers’ network connection status to the SGX trading engine and the utilisation of the link. As market volumes grow or as customer requirements change, the service is able to scale individual customer connections quickly and remotely.
As a fully ISO 27001 and SS507 certified service, eXchange360 satisfies the industry’s most stringent standards for monitoring, operations and maintenance. The service is managed by a team of professional Singtel engineers to ensure optimal performance and reliability at all times.
Mr Rama Pillai, Senior Vice President and Head, Intermediaries & Market Access, said: “With Singtel’s eXchange360 solution, international customers will be able to enjoy efficient market access to SGX. As a multi-product trading platform, SGX continually offer its international pool of customers convenient choices to access to fast-growing Asian markets. We are pleased to work with Singtel, our home grown telecommunications provider, to deliver quality connectivity and services to meet the needs of the financial community.”
Mr Bill Chang, Singtel’s Executive Vice President of Business, said, “Singtel’s eXchange360 solution is designed for trading activities such as algorithmic trading, where execution speed and robust connectivity are crucial for global traders to maintain their competitive edge. As Asia’s leading telecommunications provider, Singtel can offer overseas financial institutions superior access to Asian financial markets. Our service will further strengthen Singapore’s position as a major financial hub.”
