Reuters launches hosted service for hedge funds trading on SGX
02 October 2007 | 1218 views | 0
Reuters (LSE: RTR, NASDAQ: RTRSY) and BT (LSE: BT) today announced the launch of the lowest latency Proximity Hosting Solution for hedge funds trading on the Singapore Exchange Limited (SGX).
Demand for trading services that are hosted within close proximity of the exchange is increasing as institutions look to take advantage of low latency data provision and reduced time to trade execution. This enables firms to gain competitive advantage through programmed trading strategies that can consume data and execute trades more quickly
This proximity hosting solution provides an end-to-end hosted service that is fully managed, and that also allows clients to co-locate their own applications within the Reuters data centre. The service also offers significant infrastructure and cost savings with multi-broker connectivity for regulatory compliance.
Rama Pillai, Senior Vice President of Intermediaries and Market Access at SGX said: "The Singapore Exchange is seeing an increasing demand for low-latency direct access to our markets by high-frequency traders as well as our traditional customer base. We welcome the Reuters Proximity Hosting Solution."
Edward Haddad, Managing Director, ASEAN, Reuters said: "We recognize the increasing demand for low latency feeds to meet the needs of a growing automated and programmed trading community on the Singapore Exchange. Reuters provides our clients with a complete suite of comprehensive capabilities - from algorithmic trading tools, such as tick history, tick capture and time-stamped news, to proximity hosting to allow our customers to be first to market."