Singapore Exchange (SGX) and HCL Technologies (HCL), a leading global IT services provider, today said they have signed a five-year IT infrastructure outsourcing agreement worth $110 million.
Under the deal, HCL will provide SGX with infrastructure support and management services including the exchange’s Reach initiative. The $250 million Reach initiative announced on 3 June aims to create the world’s fastest trading engine, establish a state-of-the-art data centre offering co-location facilities and seamlessly connect trading communities in global financial hubs to Singapore
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