Singapore Commodity Exchange (SICOM), a company of Singapore Exchange Limited (SGX), is pleased to announce that it will launch its new electronic trading system, E-SICOM, on 29 September 2008.
E-SICOM is a fully integrated trading and clearing system based on Nasdaq OMX technology. It comprises a front-end trading interface, a trade matching engine and a clearing and settlement system.
Mr Jeremy Ang, Chief Executive Officer, SICOM said, “We are pleased to launch E-SICOM to upgrade our IT infrastructure and enable us to better serve our end-users. It will pave the way for SGX members to access the market. This is part of SICOM’s commitment to open access to our rubber market beyond the rubber fraternity, and to expand our suite of commodity products going forward.”
Upon its launch, E-SICOM will replace the current trading engine. The existing contracts, SICOM Ribbed Smoked Sheet (RSS) 3 and Technically Specified Rubber (TSR) 20 rubber futures, will be migrated to the new platform.