Published On: Tue, Feb 15th, 2011

NextVIEW Connects to SMX as Real-Time Data Provider

Singapore Mercantile Exchange (SMX), the first trans-Asian multi-product commodity and currency derivatives exchange, announced connectivity for Singapore-based NextVIEW, a leading information and data provider for pan-Asian trading and financial markets. NextVIEW is now an approved data distributor for the exchange and its trading activity.

NextVIEW provides financial information and trading systems with market data content, including providing real-time data for sectors such as equities and derivatives. The financial information it will provide will also include data for futures, options warrants, interest rates, government bonds, global news services, earning calls and corporate financials.

NextVIEW aims to assist in the development of the pan-Asian financial ecosystem by equipping clients with premium and effective data, networks and analytics, through the various regional offices it has in seven Asian cities.

Stephen Lai, Chief Executive Officer of NextVIEW, said: “As an established and innovative information platform facilitating both electronic and physical local and cross-border trading out of Asia, we are excited to be connected with the world’s first pan-Asian multi-product derivatives platform. The synergies between us are natural and logical. Participants on SMX will benefit from our financial services terminals and platform for education and conferences, including the depth of our market data and portfolio opportunities.”

Spencer Campbell, Senior Vice President of SMX, said: “We are pleased to welcome on-board a valuable exchange partner and look forward to our shared objectives of enhancing and advancing trans-Asian trading activity. This kind of inter-connectivity is vital for the incremental progress of Asian commodity and derivative markets. Partnerships with forward-thinking platforms such as NextVIEW continue to be crucial for our exchange early on as we look to enhance global access and connectivity.”

Launched on August 31, 2010, SMX provides multi-currency multi-asset trading and clearing for products with guaranteed settlement and delivery. It enables members to engage in futures trading for WTI Crude and Brent Crude (denominated in Euros). It also has the distinction of launching Singapore’s first gold futures contract (with physical delivery-based settlement) and Euro-US Dollar currency futures.

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