SGX to provide direct connection to ASX 24 markets

Partnership with ASX is SGX's third global connectivity venture.

In a release, ASX and Singapore Exchange (SGX) today announced they would establish a presence in each other’s co-location data centre to enhance customer connectivity to their markets.

"From September, SGX’s co-location data centre in Singapore will host the ASX hub, providing direct connectivity to the ASX 24 futures market based at the ASX Australian Liquidity Centre in Sydney. This will allow customers in the SGX co-location data centre to connect more easily to ASX 24, resulting in an expected increase in the flow of futures market activity into Australia."

"It will extend ASX’s international hub network, which currently includes Chicago, New York, London, Hong Kong and an existing location in Singapore. About 6% of ASX 24 futures and options volume is generated from its international hub network."

"The next stage of the partnership will allow customers in the ASX Australian Liquidity Centre to directly connect via the ASX global network to SGX, which is the biggest offshore market for Asian equity derivatives and the only international venue with futures contracts for Chinese and Indonesian equity indices."

"The partnership with ASX extends SGX’s commitment to better connectivity, thereby drawing more global participants to the Singapore market and enabling SGX customers to easily access international markets. Earlier this month, SGX’s hubs in London and Chicago began operating as part of its connectivity initiative."