Network connectivity agreement with SGX to provide faster, flexible and cheaper access to market data for C&Ws global financial clients
SINGAPORE, Aug. 20 /PRNewswire-Asia/ -- Cable&Wireless Worldwide announced today that it has signed a Network Connectivity Agreement with Singapore Exchange Limited (SGX) that enables Cable&Wireless' financial services customers to get access to SGX's securities and derivatives market data.
Cable&Wireless' partnership with SGX will enable global financial institutions to reliably and seamlessly access critical market information on securities and derivatives instruments traded on the exchange at competitive market rates. Global financial traders, brokers and investment firms will be 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 Cable&Wireless' network.
"This partnership with Cable&Wireless adds another viable channel of managed international connectivity to our marketplace, as well as distribution of SGX market data beyond Asia. It reaffirms our commitment to improving our market data product offerings, including seeking strategic partnerships, and catering to the growing global community of traders who demand low latency and high speed connectivity. Our partnership with Cable&Wireless builds on the Securities Market Direct Feed we launched in April, which offers 60% reduction in latency to benefit high-velocity and algorithmic traders. This latest offering will be made available via Cable&Wireless' network," said Ms Joyce Tan, Vice President, Sales & Relationship Management of SGX.
Nick Lambert, Managing Director, Global Markets, Cable&Wireless Worldwide said, "The majority of our financial services customers have dealings with The Singapore Exchange, one of the leading stock exchanges globally. Our aim is always to provide the best service experience for our customers and deliver network capability that delivers true value to their businesses. Our partnership with SGX is part of our on-going commitment to deliver greater breadth of services and enhanced value for our customers' telecommunications investments in the current market environment."
Over the last two years, Cable&Wireless has invested more than US$200million to expand its world-class network infrastructure and significantly grow its portfolio of value-added telecommunications solutions for customers across Asia.
For sales enquiries please contact the Cable&Wireless team at sgx@cw.com.
About Cable&Wireless
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MEDIA CONTACT
Imelda Tan
Communications Specialist, Asia Pacific
Cable&Wireless Worldwide
DID: +65-9029-8864
Email: Imelda.Tan@cw.com
