The National Stock Exchange (NSE) will now be connected to major exchanges in Asia, UK and US, thanks to the extension of Tata Communications’ global financial trading connectivity network. In a filing to the exchanges, Tata Communication said that the extension of the low-latency network in Asia would help ensure fast, secure and scalable connectivity for latency sensitive trading.
Along with NSE, the network will also help the Singapore Stock Exchange (SGX) and Hong Kong Stock Exchange (HKEx) to connect with major financial capitals in Asia, UK and the US.
“The extension of our network via direct connections to SGX, HKEx and NSE exchanges will enable financial trading firms around the world to receive faster transactions and receive immediate market updates, mitigating financial risks and becoming more participative in the global economy,” said Genius Wong, senior vice president, Global Network Services at Tata Communictaions.
The exchange filing said that the extension will support mission critical, real-time trading applications by seamlessly connecting the three exchanges with major financial hubs around the world.
On Wednesday, the stock price of Tata Communications was trading up 0.6% from its previous close at Rs 221.30.
