CBOT To Establish Telecom Hub In Singapore

The Chicago Board of Trade (CBOT) announced today that the Exchange is establishing a new telecom hub in Singapore, providing the ability for customers located throughout Asia to connect directly to the CBOT.

The CBOT is developing the hub jointly with Euronext.liffe and the exchanges’ technology provider, Euronext.liffe Market Solutions. The Singapore hub will offer a cost-effective method of accessing the CBOT’s financial, equity, agricultural and metal markets as well as Euronext.liffe’s interest-rate, equity and commodity markets. Pending approval of the Monetary Authority of Singapore, the hub is expected to be operational in the third quarter of this year.

CBOT President and CEO Bernard W. Dan said, “The CBOT is launching this initiative as part of its overall strategy to increase distribution of the Exchange’s products throughout Asia, where demand for liquid risk management tools is on the rise. Our customers in Singapore and across the continent have requested an efficient and reliable method to directly access the CBOT’s transparent, open and liquid markets, and the joint hub is designed to meet that need.”