Singapore Exchange Limited (SGX) will be launching a new access platform to its securities market and data.
The new access platform, SGXAccess API1, will offer latency improvements of more than 10 times, achieving up to an average of 16 milliseconds for order acknowledgments. It will be an alternative to the existing SGXAccess FIX2 application, which will continue to be offered. SGXAccess API utilises OMNet API, the native protocol of SGX’s Quest-ST securities trading engine.
In conjunction with the new access platform, SGX will also be launching a new service called Securities Market Direct Feed, which information vendors can leverage for algorithmic trading. These vendors will be able to connect directly to SGX’s securities trading engine for delivery of market data that is up to 60% faster than the current SecuritiesBook feed, which continues to be available. The new SGX Securities Market Direct Feed will also show the full list of transactions and market depth of orders in the engine.
Both services are scheduled for launch on 27 April 2009.
D.C.