Singapore Exchange, billed as “Asia’s most internationalized exchange,” announced today (Tuesday, Nov. 3, 2015) that it will establish a presence in the CME Group co-location facility based in Aurora.

According to an SGX news release, the new Chicago Hub will be hosted within the CME Group co-location data center and “will enable customers in North America to conveniently connect directly to SGX and access its derivatives trading and market data services.”

Loh Boon Chye, Chief Executive Officer of SGX, said the move is an important step in enhancing links with the North American market and broadening SGX’s international footprint.

“Connectivity in today’s evolving capital markets is essential to serving our customers’ needs,” he said. “Through this point of presence, we will bring investors in North America closer to Asia’s markets while entrenching SGX’s role as the world’s largest offshore market for Asian equity index futures.

“We are pleased to be strengthening our relationship with CME Group, and look forward to seeing customers use the hub as a means of accessing and risk managing Asian exposure.”

The hub will allow for direct and cost effective access to SGX’s portfolio of more than 60 equity, FX and commodities futures contracts that are approved for trading by direct access in North America by the Commodity Futures Trading Commission.

SGX has a long-standing collaborative relationship with CME Group beginning with a mutual offset agreement in 1984. This gives customers the ability to offset their positions on a number of contracts between SGX and CME Group, and provides round-the-clock trading and risk management.  SGX also has existing data center linkages with ASX, Eurex, HKEx and JPX.

SOURCE: SGX news release

About SGX

SOURCE: SGX website

As Asia’s most internationalised exchange, SGX connects investors in search of Asian growth to issuers in search of global capital. It is “the premier access point” for managing Asia capital and investment exposure, with more than 40 percent of companies listed on SGX originating from overseas.

SGX offers clients the world’s biggest offshore market for Asian equity index derivatives, and a fully integrated value chain of services ranging from trading and clearing to settlement and depository.

About the City of Aurora

Located 35 miles west of Chicago, Aurora is the second largest city in Illinois with a population of 200,456. Aurora is known as the “City of Lights” because it was one of the first in the nation to illuminate its streets with electric lights.  Situated along the Fox River and the Ronald Reagan Memorial Tollway (Interstate 88), the city extends 46 square miles encompassing Kane, DuPage, Kendall and Will counties.  Aurora also is home to six public school districts and seven townships.  For the latest news, access to an archive of past news releases or to follow the city on Facebook or Twitter, visit the city’s website at www.aurora-il.org.