SGX enhances clearing process

Operational efficiency should increase and errors reduced with the recent link upgrade to its OTC broking systems.

The OTC broking systems of SGX AsiaClear, its clearing service, are now linked to the SGX Trade Registration system, which will "further widen SGX's distribution network and offer traders and brokers more choices in the way they connect to our clearing service," said Mrs Julie Heng, Head of Commodities at SGX.

"The OTC broking community will benefit from the link which allows trades matched in an inter-dealer broker’s OTC broking system to flow straight through to SGX’s Trade Registration System. Customers will gain from an improvement in operational efficiency and a reduction in errors," said SGX in a release.

"Third-party providers of OTC broking systems which have established straight-through connectivity to SGX include Mercari, Tradex and Trayport. Other system-providers in the process of establishing
connectivity in the coming weeks include Baltex and Cleartrade," it added.

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