The Gateway to Algorithmic and Automated Trading

MarketPrizm & CME Group to provide DMA to SGX

First Published 11th June 2014

MarketPrizm and CME Group to deliver Direct Market Access at Singapore Exchange.

Jay Hibbin, Commercial Director, MarketPrizm

Jay Hibbin, Commercial Director, MarketPrizm

"We are delighted to be the first company to provide a trading gateway within the SGX proximity trading facility for CME Group clients."

London - MarketPrizm has announced an agreement with CME Group to provide raw market data and order routing services at the Singapore Exchange (SGX).

MarketPrizm will include an access point for CME Group order routing and market data. Hosted in the SGX co-location centre, this will enable customers to access CME Group raw market data and order routing. Using MarketPrizm's platform, Singapore and US-based customers interested in this market will now have access to CME Group for derivatives trading.

Jay Hibbin, Commercial Director, MarketPrizm, said: "Our investments in Asia are designed to lower the barrier of entry for our clients by offering a flexible technology platform between market exchanges and end users. We are delighted to be the first company to provide a trading gateway within the SGX proximity trading facility for CME Group clients."

In 2012, MarketPrizm expanded its mutualised co-location platform in Asia with the setup of low-latency infrastructure at the Singapore Exchange (SGX) to give traders access to 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.