NYX said that the Secure Financial Transaction Infrastructure (SFTI) hub, being planned by NYSE Euronext and ‘arrownet’, TSE’s trading and information network, will play a key role in the consideration of options for establishing a network linkage between the markets.
Using ‘arrownet’, customers of the TSE will be able to access NYSE Euronext markets without dedicated network connections. Similarly, NYSE Euronext customers who use SFTI will be able to access TSE markets with their existing infrastructure.
Through this linkage, customers of both exchanges could take advantage of this multi-functional network to translate order formats, avoiding the need for costly development work.
The network will also offer market data. Both parties will also explore the potential of jointly expanding the network linkage to Asia, which enables investors to more easily trade cross-borders and globally.
NYX CEO Duncan Niederauer said that the collective goal is to leverage the technology and expertise to create a global trading community with direct access to the world’s foremost markets.
TSE president and CEO Atsushi Saito said that by connecting with NYSE Euronext’s SFTI network, ‘arrownet’ will give the investors of Europe and US more opportunities for investment in Asia, and at the same time, Asian markets will have exposure to capital outside of the region.
