SINGAPORE, Jan 19, 2011 - (ACN Newswire) - Singapore Exchange (SGX) today said it is launching SGX Reach, the world's fastest trading engine, on 15 August 2011.
With its ultra-low latency and significantly higher throughput, Reach will enhance Singapore's position as the best venue for companies to connect with investors keen to participate in Asia's dynamic economies.
The combination of Reach and SGX's upcoming co-location and hub offerings will increase market liquidity and velocity, thereby better supporting the needs of listed companies and investors. Reach's new features will give investors more ways to have their orders executed. Its enlarged capacity will also offer opportunities for more brokers to join the securities market.
Mr Magnus Bocker, CEO of SGX said, "Reach will provide our customers with leading-edge services delivered on a high-speed platform and driven by world-class technology. The availability of our diversified products suite on Reach will help Singapore leap ahead of other global financial markets as a centre for international fund-raising and investment."
SGX is currently working with its members and technology partners to prepare for the rollout of Reach. In addition to its benchmarked order response time of 90 microseconds "door-to-door", Reach can handle 1 million order book changes per second per partition, 100 times the capacity of the existing engine.
About Singapore Exchange (SGX)
Singapore Exchange (SGX) is the Asian Gateway, connecting investors in search of Asian growth to corporate issuers in search of global capital. SGX represents the premier access point for managing Asian capital and investment exposure, and is Asia's most international exchange with about 40% of companies listed on SGX originating outside of Singapore. SGX offers its clients the world's biggest offshore market for Asian equity index futures, centred on Asia's three largest economies - China, India and Japan.
In addition to offering a fully integrated value chain from trading and clearing, to settlement and depository services, SGX is also Asia's pioneering central clearing house. Headquartered in Asia's most globalised city, and centred within the AAA strength and stability of Singapore's island nation, SGX is a leading Asian counterparty for the clearing of financial and commodity products. For more information, please visit www.sgx.com.
Magdalyn Liew, Communications
Email: [email protected]
Joan Lew, Communications
Email: [email protected]
Jan 19, 2011 11:00 HKT/SGT
Source: Singapore Exchange (SGX)
Topic: New Service
Sectors: Daily Finance, Daily News
From the Asia Corporate News Network
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