WCA September 2011

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Industry news
Wire & Cable ASIA – September/October 2011 16
Cable & Wireless Worldwide, a
leading provider of mission critical
communications based in Singapore,
has further expanded its Asia-Pacific
financial markets network
infrastructure with reliable, high-speed
connectivity to Singapore Exchange
(SGX).
“Gaining an advantage in the financial
sector has moved beyond milliseconds
to microseconds, making fast
connections between financial hubs
imperative. As a network provider of
mission critical communications, we
are committed to supporting the
financial sector as it moves towards
high frequency trading,” said Nick
Lambert, managing director, global
markets.
“SGX aims to deliver our broad range
securities and derivatives products to
our customers globally. We are
therefore delighted to work with
service providers such as Cable &
Wireless Worldwide to enable fast and
secure connectivity from global
financial centres directly to our
matching facility in Singapore. This is
in line with our strategy to offer the
financial community in Asia with global
reach,” said Dominic Lim, vice
president and head of market access
at SGX.
C&W Worldwide already operates its
Points of Presence (POPs) at SGX
which provides its financial sector
customers with access into the
exchange.
The newly installed network will further
expand C&W Worldwide’s global
financial network infrastructure
connectivity to key venues across the
Asia-Pacific region, positioning the
company’s Algorithmic trading network
as one of the preferred platforms for
traders and provide a secure,
high-speed communications solution
for inter-regional trading activities.
This connection to SGX will provide
C&W Worldwide’s financial services
customers with a direct route between
the exchange and its trading sites,
helping to reduce latency. Low latency
connections are an important
competitive parameter in today’s
trading environment. Essential to high
frequency trading, these connections
between financial trading hubs enable
financial institutions to increase trading
volume, gain an edge in price discovery
and improve market efficiency.
In 2009, C&W Worldwide signed a
Network Connectivity Agreement with
SGX that enables the exchange’s
financial services customers to gain
access to SGX’s securities and
derivatives market data.
Global financial traders, brokers and
investment firms are able to subscribe
to SGX’s market data services, namely
SGX SecuritiesBook, SGX Securities
Market Direct Feed, SGX
DerivativesQuote and SGXNews, and
receive the information they need in
real time via C&W Worldwide’s
network.
Cable & Wireless – UK
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