SGX moves liquidity hub into Hong Kong 10 July 2014Hong Kong Reporter: Tammy Facey
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Singapore Exchange (SGX) has launched its liquidity hub at Hong Kong Exchanges and Clearing Limited’s (HKEx) data centre.
The launch follows the signing of a memorandum of understanding by both parties in December 2013. HKEx and SGX agreed to “enhance connectivity through points of presence”.
CSC Futures, Direct Access International Futures, Frontier Research and Technology Ltd, Kim Eng Futures Limited and Marigold International Securities, have already signed up to SGX’s liquidity hub in Hong Kong.
SGX CEO Magnus Böcker commented: “SGX’s customers in Hong Kong can now look forward to benefit from this liquidity hub as it offers them a way to access the world’s biggest offshore market for Asian equity futures at SGX.”
HKEx chief executive Charles Li added: “We welcome SGX to the hosting services ecosystem at our data centre. We will continue to explore ways we can cooperate in areas of common interest.”
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