Robert Frojd

Singapore Exchange (SGX) has gone live with a new multi-matching trading engine via Nasdaq’s Financial Framework for SGX’s securities market. The new upgrade aims to provide SGX with standardized operations, messaging and data infrastructure. This is expected to provide SGX with flexibility and the ability to easily launch new products and services in the market.

“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.”

Nasdaq, a provider of trading, clearing, exchange technology, listing, information and public company services, has been a technology partner with SGX since 2003.

“SGX continues to be at the forefront of adopting new innovations and technologies to better serve its customers and strengthen its capital markets ecosystem,” said Robert Frojd, Managing Director, South Asia, Southeast Asia & Pacific, Nasdaq. “By upgrading its securities trading engine through the Nasdaq Financial Framework, SGX gains access to the latest in technology developments and business applications, while being able to bring new functionality to market more rapidly. We are proud to support SGX on their exciting journey of evolving their market infrastructure for the future.”

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by Megha Bhattacharya
Market Analyst at IBS Intelligence
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