MarketPrizm To Deliver Direct Market Access In Singapore
MarketPrizm has expanded its presence to include an access point for CME Group order routing and market data. Hosted in the SGX co-location centre, this will enable customers to access CME Group raw market data and order routing and benefit from the opportunities its proximity brings. Using MarketPrizm’s platform, Singapore and US-based customers interested in this market will now have quick, easy and cost-effective access to CME Group for derivatives trading.
Jay Hibbin, Commercial Director, MarketPrizm, said: “Our investments in Asia are designed to lower the barrier of entry for our clients by offering a flexible technology platform between market exchanges and end users. We are delighted to be the first company to provide a trading gateway within the SGX proximity trading facility for CME Group clients.”
In 2012, MarketPrizm expanded its mutualised co-location platform in Asia with the setup of low-latency infrastructure at the Singapore Exchange (SGX) to give traders access to markets such as India and Japan through the SGX Nikkei 225 Index Futures and SGX S&P CNX Nifty Index Futures, and get direct market access as a managed service.