JPX and SGX launch JPX-SGX Co-Location Direct Service

Japan Exchange Group (JPX) and Singapore Exchange (SGX) are pleased to launch the JPX-SGX Co-Location Direct service which will commence in April 2015. This follows the Letter of Intent (LOI) signed between JPX and SGX in December 2014.

The JPX-SGX Co-Location Direct service will offer straight-through international network connectivity between JPX and SGX co-location data centres. Global customers will be able to enjoy greater cost efficiencies and low latency market access to both trading venues via this service, with KVH and NTT Communications as the appointed carriers. Global investors can also continue to manage their risks efficiently and tap on new opportunities by taking advantage of the mutually listed derivatives products and services offered by JPX and SGX.

Japan Exchange Group CEO Atsushi Saito said “We are very pleased that the LOI that we signed last December towards a cooperative relationship with SGX has quickly borne fruit. Among the different areas of cooperation agreed to in that document, we are particularly pleased with the creation of this new infrastructure service, which will provide the foundation for a bridge between the two exchanges going forward. We hope it will serve to boost both markets by enhancing the convenience of trading participants and expanding trading opportunities. JPX will continue to take innovative steps such as this in further developing Asian capital markets in the future.”

SGX CEO Magnus Böcker said “We are pleased with the development of the recent collaboration with JPX. SGX and JPX have been fostering a meaningful and steadfast partnership since 2000. We will continue to work closely with our partner to enhance the infrastructure and to support our customers in their business expansion in mutual markets and beyond.”