Chicago-based screen-dealing vendor Trading Technologies is to double staff numbers in Singapore to 40 after making its first connection to the Asian financial markets with the launch of a new Singapore Exchange (SGX) gateway.
The SGX gateway has undergone extensive beta testing since November 2006 with several trading firms in Singapore, including TransMarket Group (TMG) and Ong First Tradition. It provides TT’s X_Trader 7 customers with access to SGX’s international risk management tools and trading products.
Michael Donahue, managing director of TMG’s Singapore operation says the firm was one of the first to install TT’s Sydney Futures Exchange (SFE) gateway last year.
"We believe that the SGX and SFE links coupled with Trading Technologies’ superior functionality will allow us to continue to introduce our traders to the enormous opportunities that exist outside of the traditional marketplaces of Europe and North America," he says. "We look forward to the introduction of additional Asian gateways from TT."
As part of the move, TT has relocated its Singapore office to a new 13,000 square-foot facility and opened a hub there for its TTNet ASP-based offering. The firm currently employs more than 20 sales and customer support professionals in Singapore and says that it expects to double this number within the next year.