SGX Prime is part of SGX’s ongoing efforts to upgrade its IT infrastructure and enhance its organisational agility. With ISO 15022 industry messaging standards, SGX Prime provides a “Straight-Through-Processing” environment from execution to settlement, thereby aligning Singapore with global financial markets in post trade processing.
“SGX Prime allows our market participants to reap benefits of improved operational efficiencies and reduced operational risks. We are pleased that our brokers and depository agents welcome the new initiative, “said Mr Daniel Tan, Executive Vice-President and Head of Operations Group, SGX.