The Singapore Exchange gateway represents TT’s first connection to the Asian markets, and the second Asia/Pacific market. TT launched a Sydney Futures Exchange gateway in May.
TT expects to begin trading of SGX derivatives products on the TT platform in the fourth quarter of 2006. The SGX gateway is compatible with X_Trader 7, the latest version of TT’s order-entry software launched in January 2006. X_Trader users will have the option to trade SGX products, including short-term interest rate futures and options on futures, long-term interest rate futures and options on futures, equity index futures and options on futures, and single stock futures.
Plans also are underway to launch a Singapore hub in the fourth quarter of 2006 for the ‘TTNET’ Application Service Provider (ASP)/hosting system. TTNET is designed to accelerate customer access time to international futures markets, and increase trading platform stability through fully redundant data centers situated in locations close to the various exchange servers.
SGX lists a wide range of international risk management and trading instruments, including the Japanese government bonds, the Euroyen and the Nikkei 225, and trading volume is growing at a record pace. We expect demand for connectivity will rise even further when SGX closes its floor and migrates all volume to the screen in October, said Harris Brumfield, TT’s CEO.
