Sicom's new trading system up and running

ERJ staff report (DS)

Singapore -- Sicom -- the Singapore Commodity Exchange -- has successfully introduced a new trading system known as e-SICOM. The technology is based on the system operated by NASDAQ in North America.

e-SICOM went live on September 29th, and has since received acknowledgment from participating members and investors. NASDAQ OMX delivers the trading and clearing engine, while leading IT professional service provider, NCS Group, provides infrastructural IT services.

"The system launch marks an important milestone for SICOM as it paves the way for easier and more open access to the commodities market," said Mr Jeremy Ang, Chief Executive Officer of SICOM. "Leveraging world-leading technology from NASDAQ OMX, our e-SICOM platform is built to create an efficient and liquid commodity marketplace in Singapore, and also makes it easier to add new products to our existing suite."

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Website of Sicom

Press release from Sicom