NYSE Technologies, the commercial technology division of NYSE Euronext, has extended the Secure Financial Transaction Infrastructure (SFTI) network to the Singapore Exchange’s (SGX) data center.
With the SFTI network in SGX's data centre, 1,600 SFTI clients can access SGX's derivatives and securities markets. Qualified investors in Singapore can also access NYSE Liffe, the European-based derivatives exchange of NYSE Euronext, by establishing a local connection from their Order Management Systems to the SGX data centre, according to NYSE Technologies. SGX co-location customers will benefit from being able to connect to NYSE Liffe through a SFTI network access point within the SGX Co-Location data centre.
NYSE Technologies has added SFTI access centers to its network during recent years, including one in Piscataway, New Jersey in 2011.
[For a photo tour of the facility that houses NYSE Technologies SFTI access center in Piscataway, visit Anatomy of a Data Center: Green Means LEED Gold in Piscataway for DFT's NJ1 Data Center.]
"As one of the largest exchanges in the world with a diverse and global customer base, we look to cement our presence in new and existing markets through strategic alliances -- such as sharing and utilizing unique services and platforms," said Garry Jones, Group EVP and Head of Global Derivatives at NYSE Euronext in a press release. "Our partnership with SGX is an excellent strategic opportunity to expand our reach and open up our global network to the Asia trading community."
"We are pleased to partner [with] NYSE Technologies to offer the global investing community convenient access to both SGX and NYSE Liffe through the SFTI network," said Gan Seow Ann, president of SGX, in a statement. "This arrangement forms part of our strategy to reach out to liquidity pools in major financial cities to facilitate cross-border trading between markets. We will continue with our international collaborative efforts to enable our customers to tap opportunities in the region." Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio