SGCEX - Multi Market Smart Routing Trading
Online, September 4, 2011 (Newswire.com) - Singapore Commodities Exchange (SGCEX) has announced that its new smart order routing trading application for a multi-market environment - SGCEX - will be powered by SGCEX Technology Department, a leading global provider of high-performance trading, investment management and information solutions.
Scheduled for launch in late 2011, SGCEX will offer participants smart order routing and better connectivity; proven technology will provide intelligent routing and execution capabilities based upon its extensive experience of similar market structure changes across European and North American markets - but tailored to the specific requirements of the Asian market.
The launch of SGCEX will enable participants to meet their best execution obligations in the new multi-market environment by facilitating the routing of orders to all trading venues. SGCEX will also enable participants to control the priority of venues to which orders are routed and direct orders to a specific venue of their choice.
SGCEX will be co-located in the new SGCEX data center (the SGCEX Singapore Liquidity Centre that is due to be commissioned later this year) and will be distributed to all users via SGCEX.
SGCEX Technology Services are a low latency, high capacity fiber network linking participants to services and venues across the Asian financial marketplace. By offering fully managed services and connections, and access to a broad range of products, functionality and liquidity, SGCEX helps reduce the costs and complexity for users in a multi-market environment.
Frederic Dupont, SGCEX's, Trade Execution and Information Services Manager, said: "SGCEX is working hard to provide solutions to the technical, regulatory and operational challenges faced by participants and their clients in Asia's migration to a multi-market environment later in 2011.
These complement other recently announced initiatives that are being delivered through existing infrastructure to reduce technical and operational complexity for customers.
"Multi-market and fragmented liquidity trading landscapes provide real challenges to participants, because every region has its own nuances and it is vital to have proven and trusted tools in place to cope. A new era in the Asian financial marketplace is about to dawn and SGCEX is looking forward to being a key part of it."