The Singapore Exchange (SGX) has launched its new co-location service, enabling members to access its market 250 times faster than conventional methods.
The new low-latency market connectivity option follows the launch of SGX's new data centre, which officially opened on 11 April.
By placing their trading systems at SGX's data centre, members can minimise the distance required to connect to the exchange's trading, market data and clearing engines. The offering is part of SGX's Reach technology overhaul, a S$250 million (US$200 million) investment that includes the implementation of a new trading engine that has response times of 90 microseconds.
“Customers can expect a trading environment with even greater market liquidity and velocity, thereby strengthening Singapore's position as the gateway to Asia,” said SGX president Gan Seow Ann.
SGX reports that 50 clients, comprising brokers, proprietary trading firms, funds and vendors have signed up to the co-location service since its initial launch in June 2010. The bourse has also increased the space available for co-location by 30%, to cater to growing demand.