NYSE Technologies is now offering colocation customers of the Singapore Exchange (SGX) access to numerous Asian markets and its European derivatives exchange NYSE Liffe through a single point of access. NYSE Technologies is the technology-services division of NYSE Euronext, one of the world’s largest stock-exchange operators.
NYSE first connected its Secure Financial Transaction Infrastructure (SFTI) network to SGX in May, which gave its own customers around the world access to the Asian exchange’s securities and derivatives markets. Now, tenants in SGX’ colocation facility also have access to NYSE’s network and some of the markets it connects.
Daniel Burgin, head of NYSE Technologies’ Asia Pacific division, said value of the deal for Singapore customers was in having a single point of access provided by a single company. “Through our partnership with SGX, colocated customers can work with one single connectivity provider without making costly investments in infrastructure, staffing and mitigating risk to trade in other Asian markets,” he said.
NYSE also revealed plans to extend SFTI to Hong Kong in the first quarter of 2013. Expansions into Australia, Korea and other trading venues in the Asia Pacific maybe possible over the next several years if the demand is there, the company said.