This service allows ASX customers in the ALC or on the ASX Net to connect to SGX brokers at the SGX Co-Location Data Centre and receive market data from SGX.
Customers in the SGX’s Co-Location Data have been able to connect to the ALC via ASX Net Global since September 2012.
The ASX said the interconnection expands the range of international products and services available to customers in the ALC and on ASX Net.
ASX and SGX are cooperating to reduce the cost and technical barriers to accessing global capital market flows.
ASX general manager of trading services David Raper said the seamless linkage of the financial communities within the ASX ALC and ASX Net to the SGX Co-Location Data Centre provides convenient and cost-effective connectivity for ASX and SGX customers.
“The simplicity of this extended connectivity makes ASX Net Global a great option for our customers wishing to expand into Asia," he said.
SGX head of market data and access Tinku Gupta said the collaboration between ASX and SGX offers ASX customers “convenient access, fast connectivity and cost-efficient reach into our marketplace”.
“As an exchange that provides a wealth of Asian derivatives products, we are pleased to extend our services to the Australian customer base and we look forward to providing our new customers with access to our range of contracts and an ability to tap into opportunities in the region,” he said.
