Investors in the UK and the US will benefit from expanded access to the Singapore Exchange (SGX), following a deal between the bourse and telco provider BT Radianz.
From July 2012, SGX customers located in London and Chicago will gain a managed connectivity service linking them to Singapore. This will allow them to access SGX by connecting to BT Radianz via a local, third-party data centre. SGX is the first Asian exchange to offer hubs in both the US and Europe.
“The hubs – beginning in London and Chicago – plus the connectivity alliances we are building with other exchanges and partners will deliver unparalleled access into Asia for international investors,” said Muthukrishnan Ramaswami, president of SGX.
“Through these hubs, global investors will be able to access the many opportunities offered by Asia’s fast growth,” said Tom Regent, president, global banking and financial markets and sales and marketing, TG Global Services. “That includes the 15,000 members of our BT Radianz network, the world’s largest secure online financial services community.”
Ramaswami at SGX recently told theTRADEnews.com that he intends for his bourse to become a gateway to Asia. The exchange recently launched exchange-traded fund (ETF) dual currency trading, allowing investors to trade foreign currency denominated ETFs in Singapore dollars. It also added an Indonesian futures index earlier this month.