Source: Singapore Exchange
Singapore Exchange (SGX) is pleased to announce that a new Order Management System (OMS) from GL TRADE will be adopted by SGX Securities member firms to replace the current SESOPS trading terminals.
The new OMS for member firms 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 SESOPS trading terminals and has helped facilitate the deal with GL TRADE to meet industry needs. Members have signed up for more than 2,600 terminals.
The adoption of new technology for the brokers' trading terminals is an important step in the migration to the new trading engine, Quest-ST, which is scheduled to be launched by 7 July 2008.
Mr Pierre Gatignol, CEO of GL TRADE said, "We are very honoured that SGX and its members rely on GL TRADE and our OMS to replace their existing trading platform. 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."
Mr Hsieh Fu Hua, CEO of SGX said, "The technology refresh is crucial to raise the performance and reliability of our trading infrastructure, and to introduce innovative products."