LSEG Technology implements settlement solution for Singapore Exchange

Dec 20, 2018 (LBO) – LSEG Technology has successfully implemented Settlement and Central Securities Depository functionality for Singapore Exchange (SGX).

In live operation from 10 December 2018, this was a whole market implementation, involving brokers, custodian banks, settlement banks, registrars and retail investors.

Built upon the same technical and hardware framework as the Clearing (Central Counterpart) module, implemented at SGX in early 2017, this functionality provides SGX with a fully integrated and complementary set of post-trade solutions.

LSEG Technology said this delivery enables SGX and the market participants to align to global market practices, messaging standardization and the introduction of T+2 into the Singapore market.

LSEG Technology’s products help improve operational efficiencies of firms, which include LSE Group markets (London Stock Exchange, Borsa Italiana, Turquoise), HKEX, Johannesburg Stock Exchange, Singapore Exchange, Toronto Stock Exchange, TP-ICAP.