Home Page ContentPress Releases Cable&Wireless Worldwide provides direct SGX connectivity route strengthening

Cable&Wireless Worldwide provides direct SGX connectivity route strengthening

by david.nunes

 

 

 

 

 

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

[email protected]

Timothy Weller

Pelham Bell Pottinger Asia

Senior Associate +65 6333 3449

[email protected]

 

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.

 

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