A fully managed connection to TNSâ Secure Trading Extranet will enable SGXâs global customers to receive market data both in securities and derivatives markets, and allow seamless connectivity for major financial institutions based outside the countryâs boundaries. To date, access to SGXâs market data has been limited to a few major network providers and direct connections from its customers.
Lai Kok Leong, Vice President, Head of Data Services at SGX said: âOur overseas customers demand low latency and high speed connectivity to SGX to meet market data and trading requirements. Having TNS as one of our international network providers is in line with our business objective to provide faster inbound electronic access to the marketplace. It also gives SGX and its market participants an additional avenue to extend market data distribution and transaction services outside Asia.
Coupled with the impending launch of SGX new derivatives market data engine, we are poised to offer international customers a state-of-the-art, high capacity market data system with superior performance benchmarks and very low latency international connectivity.â
The connection to TNSâ Secure Trading Extranet will allow SGXâs members and customers great choice, more cost effective connectivity and rapid speed to market, all within a fully managed environment.
Alex Walker, senior vice president sales, worldwide for TNSâ Financial Services Division, said: âWeâre delighted to be helping SGX expand and establish links with the global trading community. This reflects the rapid growth of the Asian market place as a whole and increasing demand in the region for TNSâ fast, secure, cost effective and fully managed data connectivity services.â
TNSâ Secure Trading Extranet connects over 1,000 financial community end-points, representing more than 550 buy and sell-side institutions, market data and software vendors, exchanges and alternative trading venues. Its boasts over 100 points of presence and provides services to customers in 29 countries across America, Europe and the Asia Pacific region, with its reach extending to many more.