Singapore Exchange’s (SGX) new securities trading engine – Reach – began operating from today.
Reach benefits market participants by making price discovery more efficient, thereby improving market quality and liquidity.
Reach offers 10 times more capacity and is the world’s fastest trading engine with ultra-low latency of less than 90 microseconds. It is part of SGX’s $250 million technology investment to strengthen market infrastructure. In April 2011, two other components of the initiative were rolled out, the state-of-the-art SGX Data Centre and Co-Location services.
The launch of Reach puts Singapore ahead of many global financial centres. Singapore’s competitiveness depends on innovation and improvement and we are proud to contribute to this with our investment in the best market technology and infrastructure,” said Mr Magnus Bocker, CEO of SGX.