JPX, SGX Launch Co-Location Direct Service
The exchanges hope to reduce cost, latency for market access.
The JPX-SGX Co-Location Direct service will allow global clients to reduce the cost and the latency for market access to both trading venues while taking advantage of the mutually listed derivatives products and services offered by the two exchanges.
"We are very pleased that the Letter of Intent (LOI) that we signed last December towards a cooperative relationship with SGX has quickly borne fruit," says Atsushi Saito, the CEO of the Japan Exchange Group. "We are particularly pleased with the creation of this new infrastructure service, which will provide the foundation for a bridge between the two exchanges going forward. We hope it will serve to boost both markets by enhancing the convenience of trading participants and expanding trading opportunities."
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