SGX goes co-lo
18 April 2011 | 2402 views | 0
Source: Singapore Exchange
Singapore Exchange (SGX) today launched SGX Co-Location Service, offering the fastest connection to its markets.
SGX Data Centre, which officially opened on 11 April, serves as the launch pad for SGX Co-Location. By locating their systems at SGX Data Centre with SGX's trading, market data and clearing engines, Co-Location customers will experience connectivity speeds of at least 250 times faster than conventional access methods in Singapore. SGX Co-Location service will be the connection of choice to SGX Reach, the world's fastest trading engine which will start operating in August this year, offering response times of less than 90 microseconds.
Mr Gan Seow Ann, President at SGX said, "SGX Co-Location Service is a key part of our $250 million Reach technology initiative to deliver the fastest access to the world's most exciting economies. Customers can expect a trading environment with even greater market liquidity and velocity, thereby strengthening Singapore's position as the gateway to Asia."
Since the initial take-up of SGX Co-Location in June 2010, over 50 market participants, including brokers, proprietary trading firms, funds and software vendors, have subscribed to the service and 30% more space has been allocated to cater to growing demand.