CABLE&WIRELESS WORLDWIDE
STRENGTHENS
FINANCIAL NETWORK INFRASTUCTURE
WITH
EXTENSION INTO SINGAPORE EXCHANGE
New network provides direct route into SGX with low latency connectivity
for financial services customers
Singapore, May 18, 2011:
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. The expansion into SGX, one of Asia’s key trading hubs, is part of C&W
Worldwide’s offering of extremely high-speed, predictable and secure ethernet connections
between global financial exchanges,” says Nick Lambert, Managing Director, Global Markets at
C&W Worldwide.
“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 centers directly to our
matching facility in Singapore. This is in line with our strategy to offer the financial community in
Asia with global reach,” says 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.
*Latency is defined as the amount of time it takes for a packet of data to get from one designated
point to another. It is sometimes measured as the time required for a packet to be returned to its
sender. Latency depends on the speed of the transmission network and the delays in the
transmission by devices along the way. Low latency is therefore indicative of high network
efficiency.
.
Contacts:
CABLE&WIRELESS WORLDWIDE
Michele Soon
Corporate Affairs
Manager – Asia
Pacific
+65 9321 3191
michele.soon@cw.com
Timothy Weller
Pelham Bell Pottinger Asia
Senior Associate +65 6333 3449
About Cable&Wireless Worldwide
Cable&Wireless Worldwide is a leading global telecoms company providing a wide range of highquality
managed voice, data, hosting and IP-based services and applications to large
multinational companies, governments, carrier customers and resellers across the UK, Asia
Pacific, India, Middle East & Africa, Continental Europe and North America. Established in the
1860s, Cable&Wireless Worldwide helps more than 6,000 organisations deliver their goals. The
Group’s vision is to be the first choice for mission critical communications.
Reaching 20,500km in length, Cable&Wireless Worldwide owns the UK’s largest fibre network
dedicated to business users of telecoms, and provides ubiquitous nationwide access through a
combination of fibre, digital, microwave, radio and leased circuits. The network has presence in
over 400 towns and cities in the UK, with more than 850 unbundled exchanges covering 55% of
the population.
Internationally, Cable&Wireless Worldwide’s global next-generation network (NGN) stretches to
more than 500,000km, including interests in 69 global cable systems, enabling connectivity to 153
countries. The Group’s IP-based Multi-Service Platform operates across the NGN, offering a
single environment on which voice and data applications can be converged to drive business
efficiencies. Cable&Wireless Worldwide’s network is uniquely designed with inbuilt resilience.
With more than 6,200 colleagues globally, Cable&Wireless Worldwide is committed to delivering
exceptional customer service and developing long term partnerships with its customers.
To find out more, please visit www.cw.com.
