Singapore Exchange has announced that a new order management system from GL Trade will be adopted by SGX Securities member firms to replace the current SESOPS trading terminals.
Singapore Exchange has been working with members to identify a suitable replacement for the SESOPS trading terminals and has helped facilitate the deal with GL Trade.
The new order management system for member firms is expected to be launched in Q4 2007. Members have signed up for more than 2,600 terminals.
The adoption of new technology for the brokers’ trading terminals is an important step in the migration to the new trading engine, Quest-ST, which is scheduled to be launched by July 2008.