It will provide co-located execution algorithms on the Singapore Exchange (SGX) derivatives market.
Quantitative Brokers' algorithmic execution suite on the SGX will provide its growing global client base a high level of execution quality, transparency, and insight, while helping clients reduce slippage, streamline trading workflows, and quantify best execution statistics, the company said in an announcement.
The fintech company, which has operations in New York, London, Sydney and Chennai, is an independent provider of advanced execution algorithms and data-driven analytics for global futures and interest rate markets.
Chew Sutat, SGX's head of global sales and origination said QB’s suite of execution algorithms will «further support [its] customers who adopt systematic and advanced trading strategies to access Asia across major asset classes, such as equities, FX and commodities, round the clock.»
Regional Growth
The addition of SGX is part of QB’s expansion across the Asia-Pacific region. In late 2018, QB opened a regional office in Sydney and shortly after launched its services on the Australian Securities Exchange (ASX) derivatives exchange.
The news follows the September announcement that Deutsche Börse is acquiring a majority stake in the company.
