Singapore Exchange (SGX) will launch SGX Reach, the world's fastest trading engine, on 15 August 2011, the trading body announced yesterday.
The new engine has benchmarked order response time of 90 microseconds. It can handle one million order book changes per second per partition, 100 times the capacity of the existing engine.
Also, SGX said Reach's new features will give investors more ways to have their orders executed and offer opportunities for more brokers to join the securities market.
According to SGX, Reach will enhance Singapore's position as the best venue for companies to connect with investors keen to participate in Asia's dynamic economies.
The combination of Reach and SGX's upcoming co-location and hub offerings will increase market liquidity and velocity.
Magnus Bocker, CEO of SGX said: "Reach will provide our customers with leading-edge services delivered on a high-speed platform and driven by world-class technology. The availability of our diversified products suite on Reach will help Singapore leap ahead of other global financial markets as a centre for international fund-raising and investment."
SGX said it is currently working with its members and technology partners to prepare for the rollout of Reach.