Table 2 New Technology Initiatives at Four Stock Exchanges
From: Will high-frequency trading practices transform the financial markets in the Asia Pacific Region?
Exchange | Initiative | Launch | Details | Latency and Capacity |
|---|---|---|---|---|
Toronto Stock Exchange (TSE) | Arrowhead | January 2011 | Next-gen low-latency trading platform, co-location service | Matching engine processing speed of 5 milliseconds, 4.68 million orders/day |
Australia Stock Exchange (ASX) | ASX Trade | December2010 | Next-gen low-latency trading plat-form; derivatives, cash mkts; NAS-DAQ OMX Genium INET platform | Matching engine processing speed of 300 microseconds, 100,000 orders/second |
Hong Kong Stock Exchange (HKEx) | Upgrade AMS | December 2011 | Plans to improve latency, capacity of existing platform | Matching engine processing speed of 9 milliseconds, 30,000 orders/second |
Singapore Stock Exchange (SGX) | Reach | August 2011 | Next-gen low-latency trading plat-form; cash markets; NASDAQ OMX Genium INET platform | Matching engine processing speed of 90 microseconds, 1 million orders/second |