NYSE Technologies, a provider of low latency connectivity and the commercial technology unit of NYSE Euronext, plans to expand its Secure Financial Transaction Infrastructure to Asia pr
NYSE Technologies, a provider of low latency connectivity and the commercial technology unit of NYSE Euronext, plans to expand its Secure Financial Transaction Infrastructure to Asia providing market participants with improved connectivity to NYSE Liffe.
SFTI provides a single point of connectivity with lowest-latency access to multiple markets. It reduces the cost and risk associated with connecting and managing multiple third-party networks, and enables firms to reduce their time-to-market, improve their performance and lower the cost of their trading infrastructure.
NYSE Technologies has rolled out SFTI in the US and more recently Europe.
Plans are already in place to upgrade existing assets to create the first Asian SFTI access centre in Singapore by the end of this year.
Mike Donahue, managing director of TransMarket Group, says: ‘Reliable low latency connectivity is critical to the trading mission at TransMarket, so we are extremely pleased with the initiative and foresight of NYSE Euronext in bringing ever more robust connectivity to our Singapore traders with this significant investment.’
‘Providing NYSE Liffe members with high quality access to our markets is critical to the continued success of our business,’ says Garry Jones, group executive vice president and head of global derivatives, NYSE Liffe. ‘We are very pleased that our customers are now able to leverage the SFTI network in Singapore and look forward to further expansion in the region.’
