Singapore Exchange Launches New Multi-Matching Trading Engine from Nasdaq
STOCKHOLM, Sweden, On June 3, Singapore Exchange (SGX) successfully went live with a new multi-matching trading engine via Nasdaq’s (Nasdaq: NDAQ) Nasdaq Financial Framework for SGX’s securities market. The technology upgrade provides SGX a standardized and unified operations, messaging and data infrastructure that gives unparalleled flexibility to seamlessly launch new products and services more quickly and cost-effectively for its securities market. SGX and Nasdaq have been technology partners since 2003.
It was an excellent collaboration working with our industry partners comprising of trading members, clearing members and data vendors to move towards a new securities trading engine, said Vincent Low, Head of Software Delivery and Integration, SGX. With this upgrade, SGX has standardized the API messages for both cash and derivatives products of our Equities business, bringing connectivity and maintainability convenience to our customers’ Order Management Systems. With a more robust and efficient platform, we are also able to enhance our market offerings to our customers.
Source: NAM News Network