High frequency trading (HFT) in Singapore equities is virtually non-existent, the Business Times reported on Friday, citing Singapore Exchange (SGX) president M Ramaswami and reported by Reuters.
“HFT makes up maybe 30 percent of our derivatives volume but for equities, the percentage is almost zero. Most retail investors are therefore not exposed to any form of HFT ,” he said, according to Business Times.
SGX last year launched a new trading engine called Reach, which it said was the world’s fastest, in a bid to attract new investors. Reach was part of a S$250 million ($197.9 million) technology initiative by SGX.