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Monday, 15 August 2011, 18:30 HKT/SGT
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Source: Singapore Exchange (SGX)
SGX's Reach Trading Engine Goes Live

SINGAPORE, Aug 15, 2011 - (ACN Newswire) - Singapore Exchange's (SGX) new securities trading engine - Reach - began operating from today. Reach benefits market participants by making price discovery more efficient, thereby improving market quality and liquidity.

Reach offers 10 times more capacity and is the world's fastest trading engine with ultra-low latency of less than 90 microseconds. It is part of SGX's $250 million technology investment to strengthen market infrastructure. In April 2011, two other components of the initiative were rolled out, the state-of-the-art SGX Data Centre and Co-Location services.

"The launch of Reach puts Singapore ahead of many global financial centres. Singapore's competitiveness depends on innovation and improvement and we are proud to contribute to this with our investment in the best market technology and infrastructure," said Mr Magnus Bocker, CEO of SGX.


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.

Contact:
Carolyn Lim
Communications
Tel: +65 6236 8139
Email: [email protected]

Joan Lew
Communications
Tel: +65 6236 8658
Email: [email protected]


Aug 15, 2011 18:30 HKT/SGT
Source: Singapore Exchange (SGX)

Topic: New Service
Sectors: Daily Finance, Daily News
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