As local prop trading firms and brokers realise the need to become more international, NYSE Technologies is continuing to bet on the increasing attractiveness of Asian markets with the expansion of its Secure Financial Transaction Infrastructure (SFTI).
The commercial technology division of NYSE Euronext has introduced two access centres for SFTI in Hong Kong, giving customers based in the Special Administrative Region direct access to the network.
This lets customers connect from Hong Kong to Hong Kong Exchanges and Clearing (HKEx), major international trading venues, market data solutions and the NYSE Euronext capital markets community. NYSE has also extended SFTI to the region’s new HKEx Data Centre co-location facility.
“The addition of these important access centres in Hong Kong is a further step in the expansion of NYSE Technologies’ footprint and reach of the SFTI Asia network and adds to our established presence in Singapore and Tokyo,” said Daniel Burgin, head of Asia Pacific, NYSE Technologies.
The move comes against a backdrop of an increasing number of local firms branching out to regional markets to strengthen regional offerings.
Burgin said the firm planned to expand SFTI further in the region, connecting to markets like Australia and Korea.
“Offering multiple access centres in the Asia Pacific region allows them to use SFTI Asia to connect to regional and global exchanges and markets in a cost effective way through a single connection at each of the client’s locations around the region,” said Burgin. “This eliminates the overheads and costs associated with maintaining separate network connections in each location to multiple trading venues.”