Project MARS captures every message in the SGX trading engines, and provides realâtime and historical reporting of SGX trading engine data, making the information more accessible to SGX users. All data is also persisted to a historical database.
MARS went live on Aug 15th, when SGX rolled out its Reach trading engine for its securities market. Reach is the worldâs fastest trading engine with ultraâlow latency and significantly higher capacity. MARS for Derivatives Markets is to follow.
The project was delivered and implemented by First Derivatives, together with its Singapore sales partner, BrokerEdge Systems Advisors Pte Ltd.
The contract represents another important milestone in First Derivativesâ ambitions to expand its operations into the Asian market and enhances our expertise and capability in servicing the exchange market.
Brian Conlon, CEO of First Derivatives commented: âI am very pleased that we have successfully delivered this exciting ground breaking initiative to SGX. Reach is the worldâs fastest trading engine with ultraâlow latency and First Derivatives technology is providing intraday monitoring of trading activities and historical transparency for the exchangeâ