The Singapore Commodity Exchange (Sicom) has certified SunGard's GL Stream gateway for connectivity to its markets.
SunGard's GL Stream gateway solution provides trading and market data gateways for worldwide markets across major asset classes, including access to emerging electronic markets. With this certification, SunGard can now deliver market data and trading access to the SICOM exchange for both local and international brokers.
Jeremy Ang, chief executive officer of SICOM, said, "We welcome SunGard's connection to SICOM. SunGard's GL Stream gateway software and network connectivity will give our market participants another choice for direct and efficient access into our commodity platform, as commodities continue to attract investor interest."
Yassine Brahim, president of SunGard's global trading business, commented, "Facilitating electronic trading in countries where the financial communities are enhancing their IT infrastructures is a key part of SunGard's trading strategy. With this certification, any customer who wants to trade at SICOM will be able to leverage SunGard's GL Stream market access gateway and trading platform for execution of SICOM contracts. This will help create more options for SICOM brokers to trade in their marketplace, as well as greater convenience for existing SunGard customers to trade on a new venue using their current trading platform."