Singapore Exchange (SGX) is pleased to announce that the new securities trading engine, Quest-ST, will be launched by 7 July 2008. The development of SGX Quest (SGX Quotation and Execution System for Trading) is part of SGX’s ongoing efforts to renew and refresh its IT infrastructure and capabilities.
Quest-ST was developed in anticipation of the evolution in the marketplace and our market participants’ demand for greater efficiencies. The new securities trading engine will offer functionalities that can support the introduction of a wider array of products. It allows faster market implementation of our products and services.
All SGX member firms will be able to trade on Quest-ST via any Order Management Systems (OMS) that are connected to SGXAccess. To date, some member firms are already connected to SGXAccess. Other member firms are in the process of adopting new OMS that allow connection to Quest-ST.
Mr Gan Seow Ann, Senior Executive Vice President and Head of Markets, SGX said, “With added expansion capabilities and greater flexibility, the new Quest-ST enhances our ability to cater to the rapidly changing needs of our market participants. We are working closely with them to ensure a seamless transition.”
Upon its launch, Quest-ST will replace the current trading engine, Central Limit Order Book (CLOB).
