The Exchange is working with UK-based derivatives exchange Euronext.liffe to create a technology center that will enable its Asian customers to connect directly to its electronic trading system.
The Singapore hub will be designed to offer a cost-effective method of accessing the Chicago Board of Trade’s (Cbot) financial, equity, agricultural and metal markets as well as Euronext.liffe’s interest-rate, equity and commodity markets.
Cbot expects its new Singapore hub to be operational in the third quarter of this year.
The move comes a year after the Chicago Mercantile Exchange (CME) established its own Singapore technology hub that it said will provide customers in Asia with access to its Globex platform.
Cbot and Euronext.liffe have also previously collaborated on the creation of a telecom hub in Gibraltar set up to facilitate trade in that region.
