SGX picks TradingScreen to create Asian bond trading platform

It will be the first OTC liquidity venue for Asian bonds.

Singapore Exchange has selectedTradingScreen to create SGX B, a trading platform of the first over-the-counter liquidity venue dedicated to Asian Bonds.

TradingScreen, the leading independent provider of liquidity, trading, and investment technology via SaaS, already supplies the technology and operates the Galaxy bond trading platform, a multilateral trading facility, in Europe.

TradingScreen's technology allows for rapid deployment of SGX BT infrastructure and supports multiple trading models. It also comes with built-in market surveillance functionalities.

SGX has signed a long-term contract with electronic trading solutions provider TradingScreen as the technology platform provider and will work with the industry to develop end-to-end automation to make trading in these instruments more efficient.