LSEG picked for post-trade system

SINGAPORE Exchange (SGX) has chosen London Stock Exchange Group's (LSEG) MillenniumIT as the provider of a new post-trade system for Singapore's securities market.

"With the new post-trade system, SGX can shorten time-to-market for new securities products, support members with more flexibility and efficiency across their post-trade needs, and enrich services including enabling retail investors to grant their brokers access to information on all their investments held with SGX's securities depository," the SGX said.

The system, which is based on Millennium's PostTrade technology, is expected to begin operating in phases from the end of 2015.