Tokyo Commodity Exchange (TOCOM) and Singapore Mercantile Exchange (SMX) are set to provide KVH and Singapore Telecommunications' (SingTel) low latency network solutions to market participants.
KVH said this will enable the two exchanges to facilitate an ultra low-latency and fully redundant network service between Japan and Singapore.
TOCOM and SMX have been discussing potential collaborative opportunities to enhance liquidity on both the Japan and Singapore commodity markets. With the KVH-SingTel’s low latency network, market participants can simultaneously access both exchanges with better speed and scalability currently available for high-performance trading.
SMX CEO Thomas McMahon said that SMX views the alliance as an important vehicle to unify the Asian derivatives landscape.
“One fundamental element in building a comprehensive product range in the region lies in collaboration and in harnessing technology between exchanges. The appointment of KVH-SingTel as a connectivity point between Japan and Singapore enables both parties to deliver on this promise,” McMahon said.