MKI has re-engineered its Market Trader front office dealing system solution to support the trading requirements of institutional investors and brokerage houses in Singapore.
The re-engineering is in response to the growing demand both for FIX-compliant solutions and access to the new Singapore Stock Exchange Trading System planned for introduction next year, says the company.
Market Trader was originally designed to provide an automated trading and execution system for Japanese securities houses transacting on the Tokyo and Osaka stock exchanges. In addition to support for AMS/3 in Hong Kong, the new version of the product has been configured to comply with FIX standards and will use FIX protocols for buy-side connectivity and to interface to the new Singapore market next year.
Keith Stonell, general manager for MKI’s operations in Singapore says Market Trader is currently being rolled out to provide connectivity to markets and exchanges throughout Asia, including Singapore, Taiwan, Australia, Korea and Thailand, in addition to Hong Kong and Japan.