SGX combined with Singapore Telecommunications (SingTel) to provide traders with ultra low latency access to its derivatives and securities markets.
The new service, “SGX Proximity Hosting Services,” allows the exchanges members and their customers access to its trading engines more than four times faster than the current rate. SGX will introduce this service in response to demand from a growing segment of algorithmic and proprietary traders who are beginning to establish strong presence in Asia, the exchange said.
“We are pleased to partner SingTel in delivering high-speed trading capabilities to our customers. This new service caters to the needs of algorithmic and high-velocity traders, where speed of access is crucial. The growth in this market segment will enhance SGXs market liquidity and depth,” says Gan Seow Ann, senior executive vice president and head of markets, SGX.