First Derivatives, a provider of software and consulting services to the capital markets industry, is now providing a real-time derivatives market reporting solution to the Singapore Exchange (SGX).
It is the latest of three real-time derivatives trading activity monitoring systems the firm has provided to SGX. The solution, which the firm is calling Project MARS, captures every order and trade message in the SGX trading engines and provides real-time and historical reporting of SGX trading engine data. The data, collected in a historical database, allow users to more easily access derivatives trading information in the market.
John Miller, director for Asia at First Derivatives, says there is a strong focus globally on managing risk at exchanges. The speeds at which market participants are moving mean exchanges need to adapt quickly to be able to keep up, Miller says. Its great to see SGX leading the way in this within our region, and we are very pleased to have been able to deliver the solution they needed to do that.
Project MARS was launched in August to coincide with the rollout of SGX Reach trading engine for its securities market, an ultra-low latency, high-capacity platform.
First Derivatives partnered with BrokerEdge Systems Advisors Pte Ltd in Singapore on the launch.
(CG)