Brokers have enhanced access to OTC commodities clearing on Singapore Exchange.
SGX AsiaClear, the over-the-counter (OTC) commodities clearing division of Singapore Exchange (SGX), has enhanced access to its clearing process with the linking of OTC broking systems to its OTC trade registration system. The link flows trades matched in an interdealer broker's OTC broking system straight to SGX's trade registration system.
Third-party providers of OTC broking systems that have established straight-through connectivity to SGX include Mercari, Tradex and Trayport. Other system providers in the process of establishing connectivity in the coming weeks include Baltex and Cleartrade.
"This straight-through clearing link will further widen SGX's distribution network and offer traders and brokers more choices in the way they connect to our clearing service," says Julie Heng, head of commodities at SGX.
More from Sell Side Technology
Updating your subscription status
Winner's Announced: Sell-Side Technology Awards 2015
The winners of the 3rd annual Sell-Side Technology Awards 2015 were announced in New York on April 21, recognizing the leading third-party vendors serving the sell side in their area of expertise, through an auditable and transparent methodology. To view the winners across the 28 categories click here.
02 Dec 2015
07 Dec 2015
18 Feb 2016
05 Apr 2016
24 May 2016
Download whitepaper for FREE Solving issues relating to data quality and timeliness should be the top priority for an industry-led reference data utility,...
Download whitepaper for FREE Public cloud has grown exponentially in recent years in sectors such as telecoms, the media, health industry and insurance,...