Object Trading, a provider of multi-asset trading infrastructureת has announced that it now fully conforms to Singapore Exchange’s (SGX) latest trading platform, Titan.
Upgrading to NASDAQ’s Genium INET platform enables SGX to offer enhancements and new features to participants including new connectivity protocols, extended trading hours and enhanced risk controls while supporting the increasing growth and interest in the Asian derivatives markets.
Object Trading will continue to handle market data, order execution and pre-trade risk constraints for its clients trading on SGX, via its own Direct Market Access (DMA) Platform and will enable market participants to maintain existing, or facilitate new, direct market access to the SGX without technology disruption.
The company last made the headlines in September after announcing it had become the first vendor to conform to ASX’s new trading platform.
Object Trading’s Direct Market Access (DMA) Platform features a single gateway for normalised market data and order execution, and carries over $150 billion in notional value traded daily.
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With pre-trade risk constraints and real-time middle office integration, the platform is scalable for all types of electronic trading to over 60 markets worldwide, including via SGX.
Object Trading’s clients will now be able to save considerable resources in maintaining exchange connectivity and keeping dependent upstream front-end trading systems up-to-date.
SGX covers over 80 percent of Asia’s economies and has launched an increasing number of derivatives products across both financials and commodities to serve the growing interest in the Asian markets and a general move from OTC to on-exchange trading.
Object Trading is well placed to serve clients connecting to SGX from the United States, with an existing fully managed services presence in the CME Co-Location Facility in Illinois, where the SGX Chicago Hub is also located. The hub provides market participants with access to the exchange’s trading and market data engines via carrier-resilient international connections to both the SGX primary and secondary data centres in Singapore.
As Object Trading supports SGX’s current derivatives trading system (Quest DT), and achieved certification for connectivity conforming to the new Titan system in May 2016, customers already on the Object Trading DMA platform will not need to change the API they use to access SGX’s products on the upgraded Titan platform.
Dan Hubscher, Object Trading’s Director of Strategy, said: “As innovation in the financial sector is endless, the exchanges’ technology landscape continues to evolve with necessary upgrades, migrations, and product launches. Maintaining seamless connectivity for our clients is vital. By using our platform, clients don’t have to continually make independent investments in connectivity development and maintenance for every technology change at an exchange.”