Singapore Exchange may be improving its technology to increase trading speeds and liquidity, but it is aware that clearing and settlement remains an issue.
Posit Marketplace could make a big dent in local trading costs for the buy side if it follows the example in the US.
The crossing network intends to launch simultaneously for cash equities in four regional markets.
The London-based clearing house beat seven other firms to the mandate. Meanwhile, Chi-X is in talks with other Asia-Pacific exchanges over similar deals.