Singapore Exchange Derivatives Trading Ltd (SGX-DT) is to offer members access to derivatives contracts traded on the SGX electronic trading system (SGX ETS) via Bloomberg terminals.
The electronic link will broaden distribution to over 250,000 investment professionals using 157,000 Bloomberg desktop terminals around the world says SGX. The link will also provide SGX-DT members with an alternative to dedicated trading terminals and leased lines.
Thomas Kloet, CEO of SGX, says: "This initiative, together with the recent opening of Internet access to SGX ETS, is a significant step in the exchange's efforts to extend the global reach of our derivatives products."
Five SGX-DT member firms have confirmed that they will provide access to the SGX-ETS via Bloomberg terminals. They are Cargill Investor Services Singapore, HSBC Futures Singapore, JP Morgan Futures, OCBC Bullion and Futures, and OUB Bullion and Futures.
In a separate initiative, Bloomberg has announced the availability of real-time Pink Sheets quote information on the Bloomberg Professional service, ranging from small emerging growth companies to the ADRs of large foreign companies.
Pink Sheets, formerly the National Quotation Bureau, provides pricing and financial information for over-the-counter (OTC) securities markets.