Clearing to cater to global participants in Asian markets.
Singapore Exchange (SGX) will be adding Marex’s bespoke derivative data analytics products to its Titan OTC platform (Titan OTC), a one-stop, full-service over-the-counter (OTC) platform that supports block trade registration, order management, content and analytics across multiple asset classes and trading instruments.
Titan OTC hosts both SGX and partner-generated content and data within the Titan content hub that aggregates multi-asset content for the derivatives community.
Through this new collaboration, Marex will apply its proprietary analytics tools on publicly available data for SGX commodity derivatives to provide Titan OTC participants with in-depth analysis and richer datasets.
Since its launch in 2016, Titan OTC has benefitted the commodity ecosystem through enhancing OTC workflows and bringing clearing members, brokers, and clients together on a single platform.
It is part of the broader SGX Titan suite, which offers low-latency, high-throughput trading and clearing to cater to global participants in Asian markets.
Daniel Hildebrand head of digital services at SGX said with increasing financialisation of commodities products, SGX continues to connect clients and market participants to global metals and energy, and financial markets.
“Our collaboration with Marex Spectron will enable us to provide clients with actionable data and insights, he said. “We look forward to more partnerships and initiatives to bring transparency and efficiency to OTC workflows.”
In January 20201, SGX announced it entered into a joint venture with Temasek to come out with an exchange-led digital asset venture focused on capital markets workflows through smart contracts, ledger and tokenisation technologies.
This builds on the collaboration between SGX, Temasek and HSBC which culminated with the issuance of Asia’s first public syndicated digital bond for Olam International in August 2020. In all, SGX’s digital asset issuance, depository and servicing platform was used to issue four digital bonds by several issuers, with a total size of over S$1 billion.
The partnership between SGX and Temasek combines SGX’s multi-asset experience and strengths in operating market infrastructure to the highest regulatory standards, together with Temasek’s expertise in blockchain technology and ecosystem connectivity.
The JV will look to partner with fixed income issuance platforms to connect to its post-trade and asset servicing infrastructure, providing issuers, arranger banks, lawyers, investors and paying agents with a comprehensive, issuance-to-settlement network for Asia bonds. Concurrently, the JV will focus on other existing and emerging asset classes that have seen growing market demand, including funds and sustainable finance.
Tags: AnalyticsblockchainDataSingapore Stock ExchangeTemasekTitan OTC
Tags: AnalyticsblockchainDataSingapore Stock ExchangeTemasekTitan OTC
