SEP 10, 2010 5:46am ET

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Singapore to Create Center for Developing High-Tech Trading Skills

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September 10, 2010 - The Singapore Exchange said it will create a school to train capital markets professionals in algorithmic trading and other advanced technology, using a state-of-the-art laboratory and real-time data.

The exchange, based in the country ranked second by the World Economic Forum in information technology competitiveness, said it will launch the Centre for Financial Education in conjunction with Nanyang Technology University.

The centre will help "create an environment ideal for sophisticated market participants and investors in Asia,'' the exchange said.

In June, the exchange announced a $250 million effort called Reach that will try to create the world's fastest trading engine, as well as a world-class data center, with hubs that connect at major financial centers around the world.

The center will be jointly run by the Nanyang Business School and the SGX Academy, with RTS Realtime Systems, a supplier of high-speed trading systems, as the key technology partner.

It will be equipped with 80 algorithmic trading terminals supported by RTS and a real-time price feed from SGX. Courses will be geared for professional traders, financial institutions, NTU students and the public.

The school will represent "a compelling learning, training, strategy test bedding, and research environment where Asian trading professionals and investors can raise their level of trading capabilities and sophistication," said Mr Magnus Bocker, CEO of SGX.

Professor Low Buen Sin of Nanyang Business School will lead the team operating the center. The center will offer its first course in algorithmic trading this October.

This story originally appeared on Securities Technology Monitor.

Tom Steinert-Threlkeld is the editor-in-chief of Securities Technology Monitor.

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