The new trading engine, called SGX Quest (SGX Quotation and Execution System for Trading), is powered by the CLICK XT marketplace solution, and will be the first fully integrated trading platform among major exchanges to support the trading of securities and derivatives.
CLICK XT is the next generation of OM's CLICK solution, the world's most widespread marketplace system. Creating a new industry standard, CLICK XT supports multiple markets on a single platform, including all trading in equities and derivatives, fixed income instruments, electricity and other commodities. Powering more than 25 exchanges worldwide, OM's robust and high performance marketplace technology enables effective and quality executions as well as global connectivity.
Mr Hsieh Fu Hua, SGX's CEO said, "The successful launch of SGX Quest for derivatives trading on our market is a major milestone for the Exchange. SGX Quest will offer us a platform for global connectivity to other markets and expand our reach to investors."
OMHEX's CEO, Magnus Böcker, said, "SGX has shown tremendous commitment in bringing SGX Quest to an international marketplace within a short time frame. In fact, this is one of the fastest deliveries to date, reflecting the efficiency and determination to provide superior customer service. We are indeed pleased to partner with SGX in this endeavor."
