Singapore  - The Singapore Exchange Limited (SGX) will launch a new access platform to its securities market and data on April 27, it was announced Tuesday.

The new access platform, SGXAccess API1, will offer latency improvements of more than 10 times, achieving an average of up to 16 milliseconds for order acknowledgments, and is marektet as an alternative to the existing SGXAccess FIX2 platform.

In conjunction with the new access platform, SGX said it would also launch a new service called Securities Market Direct Feed, which information vendors can use for algorithmic trading.

These vendors will be able to connect directly to SGX's securities trading engine for delivery of market data that is up to 60 per cent faster than the current SecuritiesBook feed, which continues to be available.

The new SGX Securities Market Direct Feed will also show the full list of transactions and market depth of orders in the engine.

"This new access platform and data feed will cater to the needs of all participants who want faster access to our securities market and data, including our growing community of algorithmic traders," said Gan Seow Ann, senior executive vice president and head of markets at SGX. (dpa)