BT has announced that buy-side traders trading through Singapore Exchange (SGX) can now utilise BT Radianz Proximity Solution, which enables clients to host their trading engine near to the markets they trade. The alliance will enable traders to execute low latency electronic trading on the SGX derivatives market from any location across the globe, BT says.
By working with BT and SGX, buy-side firms will have the ability to obtain market data feeds in high speed and route their orders directly into the SGX trading engine.
Rama Pillai, senior vice president, head of intermediaries and market access, SGX comments, "We are happy that BT is offering market participants low latency market access to our trading and market data. We are seeing significant growth in algorithmic trading and adoption of alternative trading strategies. As such, emphasis is on execution speed and the fastest connectivity to execution venues. Radianz Proximity Solution will enhance market access and provide further impetus to our market development efforts."
"A growing number of BT customers are trading the Asian markets from Europe and North America," comments Richard Man, vice president and head of Asia-Pacific sales, BT Radianz. "In order to maintain a competitive advantage, these clients are often demanding low latency market data and direct market access (DMA) to execution venues. By helping SGX broaden its reach outside Asia, we have created a simple but powerful solution to meet our customers' needs in a cost-effective manner. The combination of the high-performance SGX data feed and DMA connectivity packaged in the BT Radianz Proximity Solution creates an effective electronic trading solution," he concludes.