The decision enables Euronext.liffe to introduce a telecom communications hub in Singapore jointly with the Chicago Board of Trade, allowing customers to connect directly to the Euronext.liffe markets.
The Singapore hub will offer customers cheaper, direct access to Euronext.liffe’s Paris and London-based interest-rate, equity and commodity markets. The hub is expected to be operational in the fourth quarter.
Hugh Freedberg said: “We welcome the approval from the Monetary Authority of Singapore, which enables us to give our customers throughout Asia direct and reliable access to the liquid markets of Euronext.liffe. We chose Singapore as the location for our first Asian hub because of the active and experienced trading community there.
This is the first step in providing more efficient access to our markets to customers in the region.”