Rts And Fortis Clearing First To Go Live With New Sgxaccess Api

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2nd December 2009, 03:17pm - Views: 877






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MEDIA RELEASE PR37351

RTS and Fortis Clearing First to Go Live with New SGXAccess API


CHICAGO and SINGAPORE, Dec. 2 /PRNewswire-AsiaNet/ --


    RTS Realtime Systems Group, a leading global trading solutions provider, and Fortis Clearing announced

today that they are the first trading solutions provider and clearing firm respectively to receive certification to

offer clients access to the new equity trading system of the Singapore Exchange Ltd. (SGX).


    SGX moved its equity markets to a new, enhanced trading system, QUEST-ST, a Nasdaq OMX trading

engine, earlier this year. Now, firms using RTS trading solutions will be the first to access SGX via the high-

speed, low latency trading engine. Fortis Clearing is the first member to provide access through this interface

for its customers.


    SGX chose the new trading system to offer functionality to support the introduction of a wider range of

products and better meet the needs of algorithmic and high-velocity traders, who are beginning to establish a

strong presence in Asia. 


    Said Stephane Lannoy, RTS Managing Director, Asia Pacific: "This announcement underscores our firm

commitment to be the leading technology vendor globally in the low latency trading arena. Traders across the

globe trust in our ability to offer them an edge. The increasing demand for our low latency solutions and our

recent expansion in Asia speaks for itself."


    Andrew Bennett, Head of Market Access in Asia Pacific for Fortis Clearing, said: "This announcement

confirms Fortis' dedication in working with ISV's and the exchanges to bring our clients the best possible

solutions available in the low latency space." 


    Rama Pillai, Senior Vice President and Head of Intermediaries & Market Access at SGX, said: "We are

pleased to have RTS as the first solution provider to conform to SGXAccess API, our latest securities market

access service based on the native API of our QUEST-ST trading engine.  Service providers such as RTS

help expand our distribution by providing our global members and customers with efficient trading access to

our securities and derivatives markets."


    Singapore serves as the RTS headquarters for the Asia Pacific region.  RTS' solutions are used by leading

financial firms to trade across asset classes on more than 100 marketplaces globally, including major Asian

financial exchanges. Its offering encompasses algorithmic trading solutions for ultra-low latency trading and

Direct Market Access (DMA) to more than 60 markets via its global data center hubs.


    About RTS Realtime Systems Group

    RTS is a leading global trading solutions provider with offices in Amsterdam, Chicago, Frankfurt, London,

New York, Paris, Singapore, Stockholm and Sydney, and distribution/sales partners in Greece and Japan.

Founded in 1992, RTS is a pioneer in the design and creation of high performance, functionally rich, multi-

asset electronic trading software.   




    About Fortis Clearing

    Fortis Clearing is one of the largest independent third-party clearers in Europe, Asia/Pacific and the US and

offers trading facilities and global clearing for the derivatives, equities, bonds and commodities markets.  The

firm has a presence in over 50 countries.  


    More information is available at www.merchantbanking.fortisbank.nl  


    About Singapore Exchange

    Singapore Exchange (SGX) was inaugurated on 1 December 1999, following the merger of two established

and well-respected financial institutions - the Stock Exchange of Singapore (SES) and the Singapore

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International Monetary Exchange (SIMEX). SGX is Asia-Pacific's first demutualised and integrated securities

and derivatives exchange and is listed on its own bourse. The exchange's stock is a component of benchmark

indices such as the MSCI Singapore's Free Index and the Straits Times Index (STI).

    

    For more information, visit www.sgx.com. 



SOURCE: RTS Realtime Systems Group


    CONTACT: Ellen G. Resnick,

             Crystal Clear Communications, 

             +1-773-929-9292 (o), 

             +1-312-399-9295 (c), 

             eresnick@crystalclearPR.com



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