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Nasdaq-built clearing system goes live at SGX
23 February 2010
Singapore Exchange introduced a new derivatives clearing system, SGXClear, in December.
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SGX
SGXClear
Nasdaq
Powered by Nasdaq OMX technology, it has enhanced speed and functionality, including a new application programming interface for clearing members. The API provides electronic connectivity and enables straight-through processing and automation of members’ back office operations.
“SGXClear will help SGX deliver a dynamic and responsive derivatives marketplace, catering to the diverse needs of its global membership, and provide an integrated Asian gateway, with access to various Asian derivatives products,” said Muthukrishnan Ramaswami, senior executive vice-president and chief operations officer at SGX.