Trading Technologies makes first connection in Asia with SGX link

Source: Trading Technologies International (TT)

Trading Technologies International, Inc. (TT) and Singapore Exchange Limited (SGX) today announced that TT will connect its X_TRADER order-entry platform to SGX.

The Singapore Exchange gateway represents TT’s first connection to the Asian markets, and the second Asia-Pacific market. TT expects to begin trading of SGX derivatives products on the TT platform in the fourth quarter of 2006. The SGX gateway is compatible with X_TRADER 7, the latest version of TT’s popular order-entry software launched in January 2006. X_TRADER users will have the option to trade SGX products, including:

  • Short-Term Interest Rate Futures and Options on Futures
  • Long-Term Interest Rate Futures and Options on Futures
  • Equity Index Futures and Options on Futures
  • Single Stock Futures

Plans are also underway to launch a Singapore hub in the fourth quarter of 2006 for TTNET, TT's Application Service Provider (ASP)/hosting solution. TTNET accelerates customer access time to international futures markets and increases trading platform stability through its fully redundant data centers situated in strategic locations close to the various exchange servers. TT technicians are responsible for network administration, hardware configuration, infrastructure maintenance, data line management, upgrades, backups, security and user support from mirrored network data centers in Chicago, New Jersey, Frankfurt and London. Additional data centers are planned for Tokyo, Hong Kong and Sydney.

"Our customers are very interested in accessing Singapore Exchange. SGX lists a wide range of international risk management and trading instruments, including the Japanese Government Bonds, the Euroyen and the Nikkei 225, and trading volume is growing at a record pace. We expect demand for connectivity will rise even further when SGX closes its floor and migrates all volume to the screen in October. Connectivity to SGX through TTNET in Singapore will further enhance our customers' trading experience," said Harris Brumfield, TT's CEO.

Linus Koh, Executive Vice President and Head of Products & Services Group at SGX added, "TT's connection into our derivatives trading engine will open yet another frontier for the distribution of our products. We are heartened by the growing interest in SGX and look forward to serving TT's professional customers. Their participation will enhance liquidity and provide further impetus to our product development efforts."

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