Singapore stock exchange(SGX) has invested $250 million in a new trading system. The amount of $250 million was invested in the month of June by the SGX.SGX claims that the new system is going to be the world’s faster online trading.
The first quarter of the 2011 will see the new trading system in use says SGX. The name of the new trading system is called Reach will execute trading soon. The trading by the new trading system will be executed within 0.09 milliseconds. At present the trading system executes trade 3-5 milliseconds say reports from SGX. The new trading system Reach has data centers across many cities like New York,Chicago,London and Tokyo.
The transaction costs in Tokyo will be reduced soon so that the processing time will get decreased across the above cities. The present year ASX(Australia)announced that it will not roll out the old system but will increase the trading capacity. The trading of ASX will be increased for 5 million trades per day at present the it is 2 million currently.
Changes in Stock exchanges