40% of Singapore Exchange Brokers to Co-locate With SGX Engines
Singapore Exchange (SGX) said June 40% of its broking members, numerous proprietary trading firms and several vendors including crossing network operator Chi-East, have chosen its new co-location service months before its first-quarter 2011 launch.
By re-locating their trading applications to the new state-of-the-art SGX data centre, colocation customers can transact with SGX’s trading engine at the lowest possible latency.
SGX will also house its market data and clearing infrastructure at the data centre. SGX unveiled its co-location offering on 3 June as part of a $250 million initiative to deliver the world’s fastest access to Asia. Customers will also have the opportunity to optimise on two other components of the investment. These are SGX Reach – a new trading engine with the world’s fastest execution capability currently – and SGX hubs – local connectivity points to SGX at the key financial centres of Chicago, London, New York and Tokyo.
Mr. Rama Pillai, Head of Intermediaries and Market Access at SGX said, “We are pleased that so many of our customers are joining our community as co-location pioneers. This community will be able to interact at ultra-low latency with SGX engines in a data centre developed to the highest standard (Tier-4).”
Pioneers of SGX’s co-location community include:
1 Barclays Capital Futures
3 Citigroup Global Markets Singapore
4 Credit Suisse Securities Singapore
5 DBS Vickers Securities Singapore
6 Deutsche Futures Singapore
7 DMG and Partners Securities
8 Fortis Bank Global Clearing, N.V.
9 Goldman Sachs Futures
10 Interactive Data Real-Time Services
11 Kim Eng Securities
12 Merrill Lynch Singapore
13 Morgan Stanley Asia (Singapore) Securities
14 N2N Connect
15 Newedge Financial Singapore
16 Nomura Securities Singapore
17 OCBC Securities
18 Phillip Securities
19 RTS Realtime Systems
21 UOBF Schneider Trading