OM has announced that it has been chosen by Singapore Exchange Ltd. to provide a new integrated trading engine. Powered by the CLICK XT(TM) marketplace solution, the new trading engine will be the first fully integrated trading platform in the world to support all trading from traditional securities and derivatives through to advanced cross-border trades. The agreement includes license, implementation project and support of the system. SGX will call its new trading engine SGX QUEST (SGX Quotation and Execution System for Trading).
CLICK XT(TM) is the next generation of OM’s CLICK(TM) solution. CLICK XT(TM) supports multiple markets on a single platform, including all trading in equities and derivatives, fixed income, electricity and other commodities. Powering more than 25 exchanges worldwide, OM’s robust and high performance marketplace technology enables effective and quality executions as well as global connectivity.
SGX CEO, Hsieh Fu Hua, said, “SGX has always provided all participants with equal and efficient access and transparent price discovery, so we do not have the same debate here as in some other markets. With SGX Quest, retail and institutional investors alike will gain even faster and seamless access to trading and hedging opportunities across the securities and derivatives markets. This is in line with the exchange’s focus on serving our customers better.”
“It is an honor to be selected by SGX as technology partner for this milestone event in providing the world’s first integrated trading engine – a platform that will enable global connectivity and ease connectivity between SGX and other markets,” said Magnus Böcker, CEO, OMHEX. “The agreement enhances OM’s position as a leading marketplace technology provider in the Asia Pacific – a region where we will continue to develop long-term customer relationships based on our ability to deliver lasting solutions, first-rate service and real economic results for our clients.”