NYSE Technologies, the commercial technology division of NYSE Euronext, today announced the expansion of its Secure Financial Transaction Infrastructure (SFTI)[1] in Asia allowing colocation customers at the Singapore Exchange (SGX) to trade in multiple Asian markets through one single point of access. NYSE Technologies first connected its SFTI network to SGX in May this year allowing SFTI customers around the globe to access SGX's securities and derivatives markets. NYSE Technologies has since enhanced its connectivity to SGX by extending SFTI into SGX's colocation facility itself, allowing firms colocated with SGX to connect to the wide range of venues and services available on SFTI. Now, through SFTI in Asia, customers in SGX colo can trade on NYSE Liffe, the European-based derivatives exchange of NYSE Euronext and also in multiple Asian markets, all through the same infrastructure.
SFTI Asia is a shared infrastructure that allows all SFTI customers and co-located firms in SGX to trade across Asian markets without having to support multiple network connections to each trading venue. Customers at SGX can access all major Japanese capital markets including Tokyo Stock Exchange and Osaka Securities Exchange. Colocation customers can also access NYSE European markets, subject to membership and regulatory requirements, over a single connection through the SFTI network access point within the SGX colocation hall. In addition to trading connectivity, co-located customers can request direct access to NYSE Euronext market data services, clearing venues, and other value-add services such as SuperFeed[2] , NYSE Technologies normalized market data feed.
"Through our partnership with SGX, co-located customers can work with one single connectivity provider without making costly investments in infrastructure, staffing, and mitigating risk to trade in other Asian markets," Daniel Burgin, Head of Asia Pacific, NYSE Technologies. "The breadth and depth of our SFTI network is a true differentiator for us in that region, giving clients the flexibility to not only expand to new markets but to leverage additional value-add services once on the network."
NYSE Technologies plans to expand its SFTI connection to Hong Kong in the first quarter of 2013 and to other trading venues like Australia and Korea over the next few years based on customer demand. Designed to be the industry's most secure and resilient network, SFTI is specifically built for electronic trading and market data traffic thus enabling firms to reduce their time-to-market, improve their performance and significantly lower the cost of their trading infrastructure.
[1] The Secure Financial Transaction Infrastructure (SFTI) – SFTI is a highly resilient, ultra low-latency communications backbone created for the financial industry in 2002 with connectivity to global exchanges, market centers, service providers and over 1,600 market participants.
[2] SuperFeed - SuperFeed provides customers with broad access to data from over 100 major US, European and Asian markets in a single normalized format. This hosted data vendor service combines the simplicity and cost efficiency of a consolidated feed with the high performance capabilities of a direct feed.
