Trading Technologies (TT) has connected to Australian Securities Exchange (ASX) via its Singapore hub, allowing Asian traders the ability to trade on the Oceanic exchange.
The US ISV had previously only offered access to ASXs Sydney Futures Exchanges (SFE) through its Chicago hub, which connected in March 2006.
In a statement TTs managing director, Sydney sales, Paul Stonham described the connection as supplying a critical edge to TTs customers.
Jeremy Johnson, ASXs general manager of international sales, hailed the connectivity as it allows access for enthusiastic Asian traders. SFE has been experiencing significant customer demand out of South-East Asia with an annual growth rate in excess of 70%, he said. The TT Net connection from Singapore expands the technology solutions available to SFE customers and brings them closer to one of the most liquid markets in Asia.
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