IT services company HCL Technologies signed an outsourcing agreement worth $110 million (around Rs 506 crore) with Singapore Exchange (SGX) for a period of five years. Under the agreement, HCL will provide SGX with infrastructure support and management services, including the exchange’s reach initiative. Reach initiative was launched to create the world’s fastest trading engine and connect the trading communities in global financial hubs to Singapore.
With this agreement in place, HCL’s 700-plus strong team at its regional headquarters and delivery centre will consolidate its position in Singapore to develop and focus extensively on markets in the Asia Pacific region
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