Forty percent of Singapore Exchange brokers to co-locate with SGX engines

Source: Singapore Stock Exchange

Singapore Exchange (SGX) today said 40% of its broking members, numerous proprietary trading firms and several vendors including crossing network operator Chi-East, have chosen its new co-location service months before its first-quarter 2011 launch.

By re-locating their trading applications to the new state-of-the-art SGX data centre, co-location customers can transact with SGX's trading engine at the lowest possible latency. SGX will also house its market data and clearing infrastructure at the data centre.

SGX unveiled its co-location offering on 3 June as part of a $250 million initiative to deliver the world's fastest access to Asia. Customers will also have the opportunity to optimise on two other components of the investment. These are SGX Reach - a new trading engine with the world's fastest execution capability currently - and SGX hubs - local connectivity points to SGX at the key financial centres of Chicago, London, New York and Tokyo.

Mr. Rama Pillai, Head of Intermediaries and Market Access at SGX said, "We are pleased that so many of our customers are joining our community as co-location pioneers. This community will be able to interact at ultra-low latency with SGX engines in a data centre developed to the highest standard (Tier-4)."

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