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SINGAPORE, Mar 14, 2012 - (ACN Newswire) - Singapore Exchange (SGX) and Eurex today announced a partnership to deliver convenient market access and cost efficiencies to members of both exchanges. Both companies plan to link their co-location facilities/data centres to provide market participants easy connectivity to each other's markets in Singapore and Frankfurt/Main respectively.
As part of this partnership, Eurex will be moving its existing access point in Singapore into the SGX co-location data centre. In return, Eurex will act as a network service provider to SGX's customers in Europe. This initiative is expected to be implemented mid-2012.
When the link becomes operational, customers of each exchange can more easily and cost effectively access both markets by connecting their trade-execution systems to either the SGX or Eurex co-location data centres. Trade matching will still be executed at the respective home exchanges.
Eurex's co-location customers in Frankfurt can conveniently participate in Asia's biggest and most dynamic economies and companies via SGX's securities and derivatives markets. Similarly, SGX's co-location customers will be able to easily trade in Eurex's diversified derivatives market if they are Eurex trading members.
"Today's collaboration is part of our on-going Asian strategy and will lower the connectivity costs for our Asian customers while improving our footprint in a growth region," said Juerg Spillmann, member of the Eurex Executive Board.
"We are pleased to partner Eurex to grow our distribution network. As part of our strategy to reach out to global liquidity pools, this collaboration will offer enhanced market access to SGX, thus further establishing ourselves as the Asian Gateway," said SGX President, Gan Seow Ann.
About Eurex
The international derivatives exchange Eurex organizes markets globally. Eurex is home to the Euro zone interest rate and equity index benchmark derivatives. Eurex's portfolio of markets includes International Securities Exchange, the world's largest equity options exchange. The ECNs Eurex Repo and Eurex Bonds round out Eurex's offering for repo and bond trading.
In addition, Eurex provides an automated and integrated clearing house, Eurex Clearing AG. Eurex's global liquidity network comprises around 430 direct exchange members in 30 countries worldwide.
For more information about Eurex, visit www.eurexchange.com.
Contact:
Carolyn Lim
Communications
Tel: +65-6236-8139
Email: Carolyn.lim@sgx.com
Joan Lew
Communications
Tel: +65-6236-8658
Email: Joan@sgx.com
Topic: Press release summary
Source: Singapore Exchange (SGX)
Sectors: Daily Finance, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
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