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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.
Contact:
Magdalyn Liew, Communications
Tel: +65-6236-8157
Email: magdalynliew@sgx.com
Joan Lew, Communications
Tel: +65-6236-8658
Email: joan@sgx.com
Topic: New Service
Source: Singapore Exchange (SGX)
Sectors: Daily Finance, Daily News
http://www.acnnewswire.com
From the Asia Corporate News Network
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