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SGX Overhauls Derivatives Trading and Clearing Platform

The Singapore Exchange (SGX) is planning to upgrade its derivatives trading and clearing platforms to support further volume growth its derivatives business, as well as strengthen the nation state’s market infrastructure. SGX Titan will go live at the end of 2016.

The upgraded platforms are designed to increase efficiency and lower trading and clearing costs for market participants. The operational benefits include industry standard access protocols, self-help functionality and improved straight-through processing, according to SGX.

The core trading and clearing systems, based on Nasdaq’s Genium INET solution, will strengthen SGX’s risk controls and system safeguards to help market participants manage their trading and clearing positions on a 24-hour basis.

In addition, SGX plans to extend its agreement with Nasdaq for a further six years to support and maintain the Nasdaq systems.

“We see strong and continued demand for SGX’s Asian derivatives, and aim to provide ever better solutions to fulfil these unique and evolving needs. Innovation continues to drive growth, and our partnership with Nasdaq will be an important pillar of our success,” says Magnus Böcker, CEO, SGX.

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