01.16.2014
By Terry Flanagan

SGX Ramps Up Connectivity

S&P Capital IQ Real-Time Solutions, a provider of market data services, trading and infrastructure, is expanding its Asia-Pacific offering with the availability of its cornerstone QuantFEED and QuantLINK solutions to Singapore Exchange (SGX).

S&P Capital IQ Real-Time Solutions is developing new services in response to continued client demand for enhanced access to Asia-Pacific and reduced execution times, resulting from sustained and significant growth across the region. The strategic importance of the geography has not waned, making it essential to provide innovative solutions to all leading global financial institutions.

“Singapore Exchange is the Asian gateway and premier access point to the region,” saidTinku Gupta, head of market data and access at SGX. “We therefore welcome the valuable contribution and services that industry participants such as S&P Capital IQ bring to our co-location center. Their offering will greatly benefit clients by diversifying the methods of access to Singapore and international markets.”

The extension to SGX of S&P Capital IQ’s low latency connectivity and co-location offerings means that its services are now available to buy- and sell-side firms in the region, while global clients can benefit from an optimised data feed and order routing services. This development will ensure ultra-high-speed data and managed trading solutions to improve connectivity performance and reduce trade execution speed.

“SGX is a vital part of any global trading infrastructure and we see continued expansion in this region as a logical reaction to growing opportunity and client interest in Asia,” said Stephane Leroy, vice president, real-time solutions at S&P Capital IQ. “Locating our solutions within SGX will provide clients with the enhanced market data and lowest latency possible, both of which are required for them to remain ahead of their competitors.”

QuantFEED is S&P Capital IQ Real-Time Solutions’ end-to-end ultra-low latency market data feed fully managed solution with a global Service Level Agreement including hardware, software and telecommunication components.

QuantLINK, the firm’s high performance global trading infrastructure service, interconnects the cores of multiple exchanges with proximity hosting at the source, ensuring clients can operate trading systems in close proximity to the exchange matching engine, the company said. The platform simultaneously addresses the demand to reduce both connectivity costs and latency.

Separately, SGX reported that derivatives trading reached new highs in 2013. It also saw growth in clearing activities while securities trading declined.

Derivatives daily average volume (DDAV) increased 6% year-on-year to 426,582 contracts. Derivatives total volume grew 12% to 8.9 million contracts.

China A50 futures trading increased 23% to 2.1 million contracts year-on-year and Nikkei 225 futures volume was up 9% year-on-year at 2.9 million contracts. MSCI Taiwan futures activity increased 39% to 1.4 million contracts from a year earlier.

Volume of new OTC financial derivatives transactions cleared was S$3.7 billion, up 61% year-on-year. Volume of OTC commodities cleared grew 77% year-on-year to 39,112 contracts.

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