Object Trading Conforms to SGX Titan Platform for Direct Asia Connectivity

Object Trading, a provider of multi-asset trading infrastructureת has announced that it now fully conforms to Singapore Exchange’s (SGX) latest Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, Titan.

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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 Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term 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.

DMA 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.

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.

Pan-Asian Coverage

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.”