MarketPrizm extends low-latency connectivity to Singapore Exchange
Financial infrastructure provider MarketPrizm has expanded its mutualized co-location platform in Asia with the setup of low-latency connectivity at the Singapore Exchange (SGX).
The ultra-high-speed data and managed trading solution is expected to improve connectivity performance and reduce trade execution speed.
“Users will also enjoy higher efficiency, as well as considerable cost savings under MarketPrizm’s mutualized service model,” the firm said.
MarketPrizm’s expanded presence in SGX’s co-location centre will also enable users to access markets such as India and Japan through the SGX Nikkei 225 Index Futures and SGX S&P CNX Nifty Index Futures, and get direct market access as a managed service.
Users can also access market data from other APAC markets via MarketPrizm’s point-to-point connections.
“We are excited to be broadening our strategic footprint in Asia, which will enable our clients around the world to tap opportunities in the region as capital moves from West to East,” said Tanuja Randery, chief executive at MarketPrizm.
The setup of MarketPrizm’s co-location facility at SGX follows the roll-out of similar direct market access solutions at the Tokyo Stock Exchange last month.