Japan Exchange Group (JPX) and Singapore Exchange (SGX) are gearing up to launch the JPX-SGX co-location direct service which will come into effect in April.
The JPX-SGX co-location direct service will offer global investors with straight-through international network connectivity between the co-location data centres of the two exchanges, whereby investors will gainfrom greater cost efficiencies and low latency market access to both trading venues with KVH and NTT bring the appointed carriers.
Global investors will also be able to manage risk efficiency and tap new opportunities from the mutually listed derivatives products and services provided by the two exchanges which is expected to boost activity in the structured products markets in both countries.
JPX and SGX reached an agreement on letters of intent to collaborate in the joint development and promotion of the markets on both exchanges in early December 2014.
Related stories:
JPX and SGX enter partnership to develop new derivatives
SGX rolls out RMB futures, plans futures-based gauge aimed at SP providers
SGX targets SP providers with new futures index series