Singapore Exchange Installs Multi-Matching Trading Engine from Nasdaq

The Trade news reports the Singapore Exchange (SGX) has implemented a new matching engine for its equities trading operations from Nasdaq, extending a 16-year technology partnership between the exchange groups. The technology upgrade, known as the multi-matching trading engine, is available through Nasdaq’s Financial Framework and provides SGX with unified operations, messaging and data infrastructure for greater flexibility required to launch new services. Nasdaq says its technology is currently used by more than 250 broker-dealers, exchanges, clearinghouses, central securities depositories and regulators.