News Releases

Singtel connects Dubai Gold & Commodities Exchange to their international members

ConnectPlus IP-VPN service provides secure, managed network  with instant data multicasting capabilities

Singapore, 2 October 2006 -- Singapore Telecommunications Limited (Singtel), Asia’s leading communications group, has been appointed by Dubai Gold & Commodities Exchange (DGCX) to provide connectivity to its members in countries such as India, Singapore, the US and UK to the DGCX trading platform through Singtel’s Internet Protocol-Virtual Private Network (IP-VPN) service.

This access mechanism is based on Singtel’s ConnectPlus IP-VPN, a high quality, fully managed and secure networking service that provides a single high performance connection to the Internet, Intranet and Extranet environments.  This is also Singtel’s first and largest WAN project from the United Arab Emirates (UAE).
 
DGCX and its participant members such as banks and broking houses all over the world can now enjoy instant data multicasting with Singtel’s IP-VPN service. 
DGCX is able to send time-sensitive information regarding commodity prices to them simultaneously and encrypted for security through this network.
 
Mr Basab Banerjee, DGCX’s General Manager, System and Networking, said: “Electronic trading through a robust telecommunication network is very critical for connecting DGCX to its members located around the globe.  Singtel’s extensive global MPLS1 (IP-VPN) backbone meets our requirement for scalability, security and managed networks and these were strong points in favour of Singtel.”
 
Mr Bill Chang, Singtel’s Executive Vice President for Business, said: “We are very pleased with the endorsement by DGCX as well as the opportunity to support the initiative to establish Dubaias a major financial hub. 
 
“Singtel is in an excellent position to meet the strong demand for data communication services from UAE, the gateway and business centre of the Middle East, and other growing regional markets like Saudi Arabia, Qatar and Oman to the rest of the world.  
 
“This win signifies a step closer for Singtel to becoming a top IP-VPN provider in Asia Pacific.”
 
Singtel ConnectPlus suite of international data services covers major business cities in Asia Pacific and beyond.  Extended coverage is offered through the global and domestic data services of Singtel’s partners, such as Etisalat in the UAE.  Singtel set up its first Middle East office inDubai late last year.
 
 

[1] MPLS or Multi-Protocol Label Switching technology is an intelligent and scalable system that supports tens of thousands of Virtual Private Networks (VPNs) securely while providing customers with the ability to prioritise traffic through different classes of service.