GL TRADE’s Order Management System (OMS) will be adopted by securities member firms of Singapore Exchange (SGX).
The OMS for member firms will replace the current SESOPS trading terminal and is targeted to be launched in the fourth quarter of this year.
SGX has been working with members to identify a suitable replacement for the current SESOPS trading terminals and has helped negotiate this competitive deal with GL TRADE. Members have signed up for more than 2,600 terminals.
“We are very honored that SGX and its members rely on GL TRADE and our OMS to replace their existing trading platform,” said Pierre Gatignol, GL TRADE’s CEO. “We will provide them with a complete, scalable, global workflow solution for managing order processing in real time, from order capture to trade allocation, in a more efficient and effective manner.”