Additional hubs planned for other key Asia/Pacific markets
CHICAGO and SINGAPORE, Aug. 22 / Trading Technologies International, Inc. (TT) and Singapore Exchange Limited (SGX) today announced that TT will connect its X_TRADER® order-entry platform to SGX. 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 popular order-entry software launched in January 2006. X_TRADER users will have the option to trade SGX products, including:
o Short-Term Interest Rate Futures and Options on Futures
o Long-Term Interest Rate Futures and Options on Futures
o Equity Index Futures and Options on Futures
o Single Stock Futures
Plans also are underway to launch a Singapore hub in the fourth quarter of 2006 for TTNET(TM), TT's Application Service Provider (ASP)/hosting solution. TTNET accelerates customer access time to international futures markets and increases trading platform stability through its fully redundant data centers situated in strategic locations close to the various exchange servers. TT technicians are responsible for network administration, hardware configuration, infrastructure maintenance, data line management, upgrades, backups, security and user support from mirrored network data centers in Chicago, New Jersey, Frankfurt and London. Additional data centers are planned for Tokyo, Hong Kong and Sydney.
"Our customers are very interested in accessing Singapore Exchange. 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. Connectivity to SGX through TTNET in Singapore will further enhance our customers' trading experience," said Harris Brumfield, TT's CEO.
Linus Koh, Executive Vice President and Head of Products & Services Group of SGX added, "TT's connection into our derivatives trading engine will open yet another frontier for the distribution of our products. We are heartened by the growing interest in SGX and look forward to serving TT's highly professional customers. Their participation will enhance liquidity and provide further impetus to our product development efforts."
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 and through TT's FIX Adapter.
About Singapore Exchange Limited
Singapore Exchange Limited (SGX) is Asia-Pacific's first demutualised and integrated securities and derivatives exchange.
SGX was inaugurated on 1 December 1999, following the merger of two established and well-respected financial institutions -- the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (SIMEX).
On 23 November 2000, SGX became the first exchange in Asia-Pacific to be listed via a public offer and a private placement. Listed on its own bourse, the SGX stock is a component of benchmark indices such as the MSCI Singapore Free Index and the Straits Times Index.
For more information, please visit SGX website: http://sgx.com/
About Trading Technologies
Trading Technologies (http://www.tradingtechnologies.com/) develops high- performance trading software for derivatives professionals, including the world's premier exchanges, money-center banks, proprietary traders, securities brokers, FCMs, hedge funds and other trading institutions. The company's X_TRADER® software and related services provide direct access to the world's major derivatives exchanges. TTNET(TM), TT's Application Service Provider (ASP)/hosting solution, delivers maximum system stability and fast trade execution via hubs located close to the major exchanges in Chicago, New Jersey, London and Frankfurt. Additional data centers are planned for Tokyo, Singapore, Hong Kong and Sydney. Headquartered in Chicago, Trading Technologies maintains a worldwide presence with offices in New York, Houston, London, Frankfurt, Hong Kong, Singapore, Tokyo and Sydney. In 2004, Trading Technologies was named the best technology company to work for in Chicago by Chicago magazine and ranked third among all Chicago area employers. In 2006, TT received the prestigious Lighthouse Award from the Illinois Information Technology Association (ITA) as the leading technology company in Illinois.
Source: Trading Technologies International, Inc.
CONTACT: Drew Mauck of Strategics for TT, +1-312-346-2005, email@example.com; or Magdalyn Liew, Corporate Communications for Singapore Exchange, +65-6236-815, firstname.lastname@example.org
Web site: http://www.tradingtechnologies.com/