The Singapore Exchange (SGX) yesterday launched its new, enhanced trading engine.
After a series of glitches on the creaky old system, SGX said the new system, known as Quest-ST, would better support the needs of traders in member firms.
The new trading engine will also be able to support a wider range of products, as well as implement new products and services more efficiently, SGX said.
Quest-ST, a Nasdaq OMX trading engine, replaces the previous system - the 19- year-old Central Limit Order Book.
The new system has higher capacity limits to cater to the needs of specialised traders, including high-velocity dealers.
The new system is 'an integral part of our technology road map, and marks another milestone in our continuous journey of infrastructure renewal,' said SGX's senior executive vice-president and chief operations officer, Mr Muthukrishnan Ramaswami, yesterday in a press statement.
All SGX member firms are able to trade on Quest-ST using their Order Management Systems connected to the open interface SGXAccess, which allows them to trade in the local securities market from any part of the world.
This article was first published in The Straits Times on 8 July 2008.
