Iris-ST Migration
With SGX transitioning its securities trading system to the new Iris-ST trading engine and retiring the legacy SGX Reach-ST, member firms face a narrowing window to modernise their order management system and communication protocols.
IFIS Referenace Data and Market Data solutions seamlessly bridge this gap by replacing the legacy OMNet API connection with the new FIX connection.
By connecting securely to the Iris-ST trading engine, IFIS FIX Market Data solutions will ensure high-performance and efficient market data access for members' business and operational needs.
IFIS Reference Data solutions will help members in the area of trade execution and settlement, clearing and reconciliation, risk management, operational reporting, and regulatory compliance.
The Legacy Gap
Brokerage firms have long relied on the SGX Reach-ST platform to receive reference data and market data for its own trading system.
As SGX retires this interface, proprietary legacy connections will be deprecated.
All firms connecting to SGX OMNet API will need to be complying to SGX Iris-ST FIX Reference Data specifications and FIX Market Data specifications.
What This Means for Firms
- Current connections will no longer work once the migration is complete
- The window to get systems upgraded is narrowing
- In-house upgrades carry higher risk
What the Market Now Demands
- A trusted and reliable vendor
- A solution that delivers real-time market data dissemincation alongside historical data access, supporting both trading, analysis and reporting needs
- A partner who understands SGX testing process and conformance requirements
IFIS product suite offers customizable modules that can be integrated into existing systems to enhance functionality and performance.
Trading Operation and Data Management
Benefits
- Supports seamless migration from SGX Reach-ST to SGX Iris-ST
- Reduces operational risks
- Eliminates dependency on legacy interfaces before SGX Reach-ST retirement
- Provides secure, reliable, and configurable FIX connectivity, built specifically for SGX's specifications
- Enables a smooth implementation, backed by IFIS's extensive SGX integration expertise
Why Customers Choose IFIS
With over 20 years of experience, IFIS delivers real-time market data dissemination, enterprise application integration, electronic trading platforms, order routing, and FIX service bureau services.
Having successfully completed more than 500 projects across Asia, IFIS has built long-term partnerships with leading financial Institutions by providing reliable, end-to-end technology solutions backed by deep industry expertise, strong domain Knowledge, and a proven track record of delivering innovative, high-quality solutions.
Flexible Engagement Models:
- Project-based delivery
- Dedicated development teams
- Staff augmentation
- Managed services
Client-Centric Delivery
We align technical implementation with business objectives and operational priorities.
Benefits of working with IFIS
- Reduced migration risk
- Enhanced operational efficiency
- Stronger regulatory compliance
- Lower long-term maintenance cost
Download Iris-ST brochure here:
Free Download
Contact us today to schedule a no-obligation 30 minutes Migration Assessment Session