Stockholm, Sweden, 13 July 2019 – On June 3, Singapore Exchange (SGX) successfully went live with a new multi-matching trading engine via Nasdaq’s (Nasdaq: NDAQ) Nasdaq Financial Framework for SGX’s securities market.
The technology upgrade provides SGX a standardized and unified operations, messaging and data infrastructure that gives unparalleled flexibility to seamlessly launch new products and services more quickly and cost-effectively for its securities market. SGX and Nasdaq have been technology partners since 2003.
” 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”Vincent Low, Head of Software Delivery and Integration, SGX.
” 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.”Robert Frojd, Managing Director, South Asia, Southeast Asia & Pacific, Nasdaq.