'Trade at close' will allow SGX market participants 10 minutes to execute orders at the closing auction price.
BidFX, a subsidiary of TradingScreen, will use the funds to expand its reach among the institutional investor community.
The new functionality will enable the SGX to align to global market practices, messaging standardisation, and a T+2 settlement cycle.
Singapore exchange to launch new securities settlement and depository framework on 10 December.
The Monetary Authority of Singapore and Singapore Exchange developed two Delivery versus Payment capabilities for the settlement of tokenised assets across different blockchain platforms.
MAS and SGX have been among the leaders in promoting the use of blockchain technology in financial markets.
SGX FlexC FX Futures allows customers to trade FX futures in OTC fashion which can be cleared on SGX’s platform.
Blackwell Global Futures to gain access to Asian derivatives market through SGX Asian Gateway.
Legal battle with National Stock Exchange of India forces SGX to delay launch of new Indian futures products.
Singapore Exchange plans to launch new Indian equities futures products in June.