Trading Technologies launches gateway to Singapore exchange
Trading Technologies (TT) has launched its new Singapore exchange (SGX) gateway, its first connection to the Asian financial markets. TT has also relocated its Singapore office and opened a hub there for TTNET, its application service provider (ASP)/hosting solution.
The SGX gateway has undergone extensive beta testing since November 2006 with several trading firms in Singapore, including TransMarket Group (TMG) and Ong First Tradition. The gateway provides TT's X_TRADER 7 customers with access to SGX's wide range of international risk management tools and trading products such as short and long term interest rate futures and options, equity index future and options and single stock futures. Specific products include the Japanese government bonds (JGBs), the Euroyen and the Nikkei 225.
"TMG was one of the first firms to install TT's Sydney futures exchange (SFE) gateway last year, and we have been eagerly awaiting TT's Asian connectivity solutions," says Michael Donahue, managing director of TMG's Singapore operation. "We believe that the SGX and SFE links coupled with TT's 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."
"Global interest in the vibrant Asian markets is extremely strong," comments Harris Brumfield, TT's CEO. "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 SGX."
Rama Pillai, senior vice president and head of intermediaries and market access, SGX, adds, "This new gateway into our SGX derivatives trading engine is part of our ongoing efforts to cater to the international market's evolving needs. It provides greater accessibility and connectivity to our suite of Asian-based products. We are pleased to launch this initiative with TT to better serve the global traders and investors."