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NTT Communications launches Tokyo Stock Exchange’s financial network in Singapore

Caroline Ng | June 10, 2013
For the first time, financial institutions in Singapore can connect directly to the new co-location service of Japan Exchange and Tokyo Stock Exchange’s systems.

Tokyo Stock Exchange (TSE) has teamed up with NTT Communications to launch its arrownet-Global network service in Singapore.

Initially introduced by TSE in 2009, arrownet connects financial services to trading and information systems, including co-location racks in Tokyo.

The launch of arrownet-Global in Singapore will now allow financial institutions in the city-state to connect directly to the new co-location service of Japan Exchange (JPX) and TSE's systems.

Yoshinori Suzuki, senior managing director of TSE, said: "I hope that straightforward access to the JPX market will strengthen the value of TSE's IT infrastructure and boost the liquidity of the JPX market so that JPX can achieve its corporate aim to become the 'Most Preferred Exchange in the Asian Region'."

The partnership will see TSE to leverage NTT Communications' Ethernet Leased Line service and ultra-low latency cable systems, including the Asia Submarine Cable Express (ASE) to strengthen the exchange's value proposition, as well as expanding its investor pool.

NTT Communications' ASE cable system connects key financial hubs in Asia through the shortest possible route so clients can enjoy optimised latency of less than 64 milliseconds from its Singapore Serangoon Data Center to Tokyo.

Takeshi Kazami, president and CEO of NTT Singapore, said low latency is critical to the success of financial services. "Our partnership with TSE and the launch of arrownet-Global are some of the initiatives to ensure that our clients enjoy the lowest latency, highest reliability and capacity," he said.

 

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