ASX Colocates Futures Trading Hub in Singapore

Singapore Exchange (SGX) and the Australian Securities Exchange (ASX), based in Sydney, have announced that each exchange will build a presence in the other's co-location datacenters, enhancing connectivity for both markets beginning in September.

The ASX hub in Singapore will provide access to the ASX 24 futures market that is based at the ASX’s Australian Liquidity Center and is expected to increase the flow of futures trading into Australia. The ASX has similar hubs in Chicago, New York, London, and Hong Kong, and says its international network currently accounts for 6 percent of its futures and options volume. SGX, meanwhile, was chosen for its unique offering of futures and options contracts benchmarked against Chinese and Indonesian equities indices.

"The establishment of an ASX futures hub in the SGX facility bolsters the global distribution network for ASX 24, connecting more customers into the Australian market and enhancing our presence in Asia. This is a new initiative that is part of our plan to internationalize the ASX and it demonstrates that by working together with other exchanges we can deliver new and greater investment opportunities to Australian and foreign investors," says Peter Hiom, ASX's deputy CEO.