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SGX upgrades to Nasdaq’s multi-matching trading engine – FinTech Futures

Singapore Exchange (SGX) has successfully launched a new multi-matching trading engine for its securities market via the Nasdaq Financial Framework, reports Jane Connolly.

The technology upgrade, which went live on 3 June, provides a unified and standardised operations, messaging and data infrastructure. As a result, SGX can take advantage of greater flexibility, speed and cost-effectiveness to launch new products and services for its securities market.

“It was an excellent collaboration working with our industry partners comprising trading members, clearing members and data vendors to move towards a new securities trading engine,” says Vincent Low, head of software delivery and integration at SGX.

“With this upgrade, SGX has standardised 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.”

SGX and Nasdaq have been technology partners since 2003.

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