OMX and Singapore Exchange Limited ("SGX") today announced that they have signed an agreement to develop a new data feed system that will further enhance SGX's data dissemination services to market participants.
The new data feed system is designed to enrich and package price data from multiple sources. With this system, SGX can enable brokers and data vendors to provide comprehensive data to their customers.
This collaboration with OMX supports SGX's continuing efforts to renew and refresh its IT infrastructure, with the objective of raising overall efficiency and enhancing service quality to market participants.
"This initiative with OMX enables SGX to offer new value-added price data to meet the needs of our customers. The new data feed system will also support future growth in price data traffic and improve transmission speed," said Chew Hong Gian, Head of Technology at SGX.
"This agreement further strengthens OMX's leading position in marketplace solutions for market data dissemination. We look forward to continue working with SGX to further strengthen their position as a leader in service quality," said Markus Gerdien, President, Market Technology, OMX.
OMX will base the new solution on a market data system from Cicada and integrate it with SGX's trading engine, SGX QUEST. The solution is customised to SGX requirements and will be implemented in 2007.
For more information, please contact:
Niclas Lilja, Press Relations, OMX +46 8 405 63 95
Magdalyn Liew, Corporate Communications, SGX +65 6236 8157