Trading Technologies International, Inc. (TT) today announced the launch of its new Singapore Exchange (SGX) gateway. This is TT’s first connection to the Asian financial markets. TT also has relocated its Singapore office to a new state-of-the-art 13,000 square-foot facility and opened a hub there for TTNET™, its Application Service Provider (ASP)/hosting solution.
The SGX gateway has undergone extensive beta testing since November 2006 with several trading firms in Singapore, including TransMarket Group LLC (TMG) and Ong First Tradition Pte Ltd. The gateway provides TT’s X_TRADER® 7 customers with access to SGX’s wide range of international risk management tools and trading products such as such as short- and long-term interest rate futures and options, equity index futures and options, and single stock futures. Specific products include the Japanese Government Bonds (JGBs), the Euroyen and the Nikkei 225.
According to Michael Donahue, Managing Director of TMG’s Singapore operation, “TransMarket was one of the first firms to install TT’s Sydney Futures Exchange (SFE) gateway last year, and we have been eagerly awaiting TT’s Asian connectivity solutions. We believe that the SGX and SFE links coupled with Trading Technologies’ superior functionality will allow us to continue to introduce our traders to the enormous opportunities that exist outside of the traditional marketplaces of Europe and North America. We look forward to the introduction of additional Asian gateways from TT."
“Global interest in the vibrant Asian markets is extremely strong. As such, we have committed significant resources to expand our connectivity and staff throughout the Asia/Pacific region. We are very happy that we can connect our customers with Singapore Exchange,” said Harris Brumfield, TT’s CEO.
Rama Pillai, Senior Vice President and Head of Intermediaries and Market Access, SGX, added, “This new gateway into our SGX derivatives trading engine is part of our ongoing efforts to cater to the international market’s evolving needs. It provides greater accessibility and connectivity to our suite of Asian-based products. We are pleased to launch this initiative with Trading Technologies to better serve the global traders and investors.”
TT’s fast, reliable exchange connections enable trading of the world’s major futures exchanges as well as OTC energy, foreign exchange, fixed income and other instruments. All TT gateways are accessible from TT’s X_TRADER® order-entry software. The gateways also will connect through TT’s X_TRADER API and FIX Adapter to third-party, proprietary and black-box trading applications.
TT currently employs more than 20 sales and customer support professionals in Singapore and expects to double this number within the next year. Singapore serves as TT’s headquarters in the Asia/Pacific region, which also includes offices in Tokyo, Hong Kong and Sydney.
