Connecting you now
CME Group maintains "local access hubs" that allow overseas trading firms to connect directly with CME Group's network through dedicated sites in the firms' own cities.
For CME Group, these hubs ease the way for international expansion, making it easier and more cost-effective for the exchange to connect with trading firms in cities outside the United States. For customers in these locations, the benefits include lower latency, greater reliability and more scalability as business grows.
BINDING IT TOGETHER
More recently, CME Group teamed with NTT Communications to establish local access hubs in the Asia Pacific region.
"The communications network is becoming a more and more important element to accommodate the financial industry's needs," says Takashi Ooi, senior vice president and head of the global solutions department for the global services business division of NTT.
Aside from its expansive networks throughout Asia, NTT also boasts an undersea PC-1 cable, purchased in 2009, that provides a direct hard-line connection between Japan and the west coast of the United States, specifically from Tokyo to Seattle. It lays the groundwork, quite literally, for levels of connectivity and reliability that make it much easier for CME Group to accommodate trading firms throughout the Pacific Rim, including Korea, Singapore, Vietnam and Malaysia.
"This provides the low latency that is important for financial institutions and the reliable network that is so important for security," Ooi says of the technology underpinning the local access hubs.
"NTT Communications takes a very unique approach to the challenging task of controlling and improving the quality of the network across the globe by hosting the Arcstar Carrier Forum and sharing their experience and expertise with partner providers," CME Group's Fortcamp says. "Their continuous commitment to quality, involving their partners in overseas countries, certainly qualifies them as a valuable partner of the exchange."
CME Group plans to continue building out the hub network, and giving even more local firms a chance to trade on a global platform.
CME Group Magazine
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