Singapore Exchange (SGX) is to establish a presence in CME Group’s co-location facility to improve connectivity between the two exchanges.
The deal will see SGX create the SGX Chicago Hub, hosted in CME’s Autora, Illinois data centre, enabling North American customers to connect directly to SGX.
SGX said the hub will offer cost-effective access to its portfolio of equity, FX and commodities futures contracts approved for trading in North America.
This is the latest in a partnership between CME and SGX which began in 1984 with its mutual offset agreement.
Loh Boon Chye, CEO of SGX, said: “SGX is Asia’s most connected exchange and this is an important step in enhancing our links with the North American market and broadening our internationalfootprint.
“Connectivity in today’s evolving capital markets is essential to serving our customers’ needs. Through this point of presence we will bring investors in North America closer to Asia’s markets while entrenching SGX’s role as the world’s largestoffshore market for Asian equity index futures.”