The SGX gateway has undergone extensive beta testing since November 2006 with several trading firms in Singapore, including TransMarket Group LLC (TMG) and Ong First Tradition Pte Ltd. The gateway provides TTâs X_TRADERÂ® 7 customers with access to SGXâs wide range of international risk management tools and trading products such as such as short- and long-term interest rate futures and options, equity index futures and options, and single stock futures. Specific products include the Japanese Government Bonds (JGBs), the Euroyen and the Nikkei 225.
According to Michael Donahue, Managing Director of TMGâs Singapore operation, âTransMarket was one of the first firms to install TTâs Sydney Futures Exchange (SFE) gateway last year, and we have been eagerly awaiting TTâs Asian connectivity solutions. We believe that the SGX and SFE links coupled with Trading Technologiesâ superior functionality will allow us to continue to introduce our traders to the enormous opportunities that exist outside of the traditional marketplaces of Europe and North America. We look forward to the introduction of additional Asian gateways from TT."
âGlobal interest in the vibrant Asian markets is extremely strong. As such, we have committed significant resources to expand our connectivity and staff throughout the Asia/Pacific region. We are very happy that we can connect our customers with Singapore Exchange,â said Harris Brumfield, TTâs CEO.