To enhance price transparency and improve investor access to trading activity in Singapore government bonds and bills, the MAS launched the E-Bond platform for Singapore Government Securities (SGS) in July 2005.
The E-Bond platform allows global investors easy access to real-time trading volume and price quotations by SGS primary dealers. It is a straight-through-processing (STP)-friendly electronic trading platform for SGS bonds and treasury bills. It offers SGS primary dealers multi-dealer Requests For Quote feature and an anonymous trading platform.
The Singapore Exchange Securities Trading Ltd (SGX-ST) developed an automatic order matching system for bond trading called the Bonds Quotation System. Trading of government securities, corporate and statutory bonds in the secondary market, however, is primarily done on an over-the-counter basis.
Major futures contracts are traded on the Singapore Exchange Derivatives Trading Division (SGX-DT), formerly known as Singapore International Monetary Exchange (SIMEX). SIMEX is now part of the merged Singapore Exchange. The Exchange offers two trading mechanisms - the open outcry and the Electronic Trading System (SGX ETS). This electronic trading platform is available to all members of SGX-DT. |