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Singapore, Australian bourses to enhance market connectivity

07-25-2012 14:49 BJT

SINGAPORE, July 25 (Xinhua) -- Australian Securities Exchange ( ASX) and Singapore Exchange (SGX) announced Wednesday their attempt to enhance customers' connectivity to each other's market by establishing a presence in their respective co-location data centres.

Effective 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, the SGX said in a statement.

It will allow customers of the SGX co-location data centre to connect more easily to ASX 24, eying extension of the ASX's international hub network and an expected increase in the flow of futures market activity into Australia.

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. But the SGX has not mentioned the timetable.

As part of its connectivity initiative, the SGX has began operating its hubs in London and Chicago earlier this month, the bourse added.

Editor:James |Source: Xinhua

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