NYSE Technologies, the commercial technology unit of exchange group NYSE Euronext, has announced plans to expand its Secure Financial Transaction Infrastructure (SFTI) connectivity network into Asia to improve client links to NYSE Liffe, the group’s global derivatives exchange.
NYSE’s SFTI network provides a single point of low-latency connectivity to multiple markets and is built specifically for electronic trading and market data traffic.
Plans are already in place to upgrade existing assets to create the first Asian SFTI Access Centre in Singapore by the end of this year.
According to NYSE, the SFTI reduces the cost and risk associated with connecting and managing multiple third-party networks. It enables firms to reduce their time to market, improve their performance and significantly lower the cost of their trading infrastructure, the exchange said.
“Providing NYSE Liffe members with high-quality access to our markets is critical to the continued success of our business,” said Garry Jones, group executive vice president and head of global derivatives, NYSE Liffe, in a statement. “We are very pleased that our customers are now able to leverage the SFTI network in Singapore and look forward to further expansion in the region.”