Chi-East, the pan-Asian joint venture dark pool between Singapore Exchange (SGX) and alternative trading platform provider Chi-X Global, has chosen data centre provider Equinix's Singapore 2 International Business Exchange as its primary data centre.
Launched in October 2010, Chi-East supports trading in 3,264 securities, including all SGX-listed shares, all Hong Kong main board listed shares, the component stocks of Japan's TOPIX 100 and all listed exchange-traded funds in the three markets.
With the selection of Equinix, Chi-East's participants will use the data centre provider's existing carrier and financial network connectivity infrastructure, which will offer participants low-latency proximity hosting options for all securities traded on the platform.
Ned Phillips, CEO of Chi-East, “We chose Equinix because of its established financial ecosystem, low-latency infrastructure and highly secure environment.”
Chi-East had intended to offer Australian stocks, but faced delays last year following the Australian Securities Exchange's withdrawal of its market data feed to the platform. Chi-East has stated that it hopes to connect to Australia later this year.