"The partnership with Fiserv has facilitated a change to the Exchange's core infrastructure," said Muthukrishnan Ramaswami, senior executive vice president and chief operations officer of the Singapore Exchange. "The introduction of the SGX Prime pre-settlement matching service transformed the Singapore market and, supported by the core functionality delivered through TradeFlow, has worked well for us. Over 85% of our institutional trades now settle automatically through the service and attain matching rates of over 99% on settlement date. The benefits from the project have exceeded our expectations and our customers have been able to achieve greater operational efficiency and reduce their operational risk."

　　SGX Prime was launched in October 2008 and has contributed to improved visibility and management oversight, as well as greater control to the Exchange and its participants, including brokers, depository agents and agent banks.

　　Fiserv consultants worked closely with SGX to design and build a solution to the Exchange's market requirements. TradeFlow's extensible matching capabilities incorporated the Exchange's 110 different matching rules as part of the process of validating and enriching a wide range of transaction types and instruments between market participants before they are passed to the Central Depository for settlement.