Singapore Exchange to Adopt LSE Clearing Platform From Late 2015
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Singapore Exchange Ltd. will use London Stock Exchange Group Plc technology for a new post-trade system to offer multi-currency and multi-asset products as the Asian bourse operator expands cooperation with the U.K. company.
The platform, created with LSE’s MillenniumIT unit, will begin operating in phases from the end of 2015, according to the statement. The system will include clearing, settlement and depository services and support linkages with other markets, depositories and clearinghouses. It will enable retail investors to give their brokers access to information on all their investments held with SGX’s depository.