22 December 2020 – Nikkei-Financial Times joint venture and operator of ScoutAsia, Nikkei FT ScoutAsia Limited, has reached an agreement today with Singapore Exchange (SGX) on the development of a new service to provide real-time machine-translated Nikkei content on SGX’s over-the-counter (OTC) trade registration platform, Titan OTC. The service will use AI technology to translate Nikkei.com content from Japanese into English for Titan OTC users trading equity index, FX, interest rate and commodity derivative products.
Nikkei FT ScoutAsia Limited will enable the integration of selected Nikkei.com news onto the Titan OTC platform. Headlines and excerpts from news articles will be displayed on the Titan OTC homepage, allowing market participants to seamlessly access the latest Nikkei news in English within the trading platform.
The service will initially provide English translations of news articles on Japanese companies and sectors, stocks, share price indices, foreign exchange, interest rates and dividend indices. The intention is to gradually expand the scope of content to include news on other asset classes including commodities.
“This project with SGX is our first full-scale attempt to provide machine-translated Nikkei content to an English-language financial platform. Nikkei’s expertise in machine translation has made it possible for us to offer swift, high-quality translation in specialized areas of finance. I hope that our new service will eliminate the language barrier and information time lag, making it easier for foreign investors and their clients to access the Japanese market,” said Toshio Machida, Executive Officer of Nikkei Inc. and Managing Director of Nikkei FT ScoutAsia Limited.
Michael Syn, Senior Managing Director and Head of Equities, Singapore Exchange, commented: “SGX and Nikkei have a long-standing relationship since we pioneered the world’s first futures contract based on the Japanese stock market more than 30 years ago. Besides developing complementary derivative products, we are delighted to now partner with Nikkei in a new way, with the common goal of supporting global investors’ access to the world’s second-largest developed economy. Having timely Nikkei.com news on Titan OTC’s platform will be a welcome feature for our clients and further enhance their user experience.”
Nikkei FT ScoutAsia Limited and SGX plan to launch the service in spring of 2021.
About ScoutAsia
ScoutAsia is an Asia-focused news & company data platform, jointly developed by Nikkei and the Financial Times in 2018, with the ultimate aim of making Asia more accessible to foreign businesses.
Combining quality content and technology, ScoutAsia provides AI-driven insights on what is changing in Asia. Singapore-based Handshakes came on board in 2019 to power the platform with its award-winning AI and data analytics technologies. In 2020, ScoutAsia launched a premium feature called Connections+, a powerful investigative research tool for visualising relationships between people and companies across Asia.
About Singapore Exchange
Singapore Exchange is Asia’s leading and trusted market infrastructure, operating equity, fixed income and derivatives markets to the highest regulatory standards. It also operates Asia’s only multi-partner, multi-asset exchange-led sustainability platform (sgx.com/first).
As Asia’s most international, multi-asset exchange, SGX provides listing, trading, clearing, settlement, depository and data services, with about 40% of listed companies and over 80% of listed bonds originating outside of Singapore. SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN and offers commodities and currency derivatives products. Headquartered in AAA-rated Singapore, SGX is globally recognised for its risk management and clearing capabilities.
For enquiries
Nikkei FT ScoutAsia Limited