GL TRADE’s Order Management System For SGX Securities Member Firms

GL TRADE, global provider of integrated software solutions to the financial institutions is pleased to announce that its 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 honoured that SGX and its members rely on GL TRADE and our OMS to replace their existing trading platform” comments 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.”

Mr Hsieh Fu Hua, CEO of SGX said, "The technology refresh is crucial to raise the performance and reliability of SGX’s trading infrastructure. It will enable us to stay ahead of electronic trading and to introduce innovative products."