Nasdaq OMX Group is set to deliver an ultra low latency trading platform to Singapore Exchange (SGX). The new trading platform, named SGX Reach, will be powered by Nasdaq OMX's Genium INET trading technology.

SGX said that the migration to the new trading platform will commence with cash equities in 2011.

The Genium INET technology can deliver an average production roundtrip latency of sub-200 microseconds, with a throughput of over one million messages per second. Benchmark tests for SGX have shown an average latency below 90 microseconds, claimed Nasdaq OMX Group.

Bob Caisley, chief information officer at SGX, said: “We are deploying the most advanced trading system in the world, thereby raising the bar for speed, capacity and scalability and providing our customers with a strong competitive advantage.

“The ultra low-latency and performance benefits of Genium INET will strengthen our position as the Asian Gateway and enable us to attract a wider range of market participants.”