SBS Transit and Motorola Solutions ink long term railway communications contract
Horizon Partners with China Merchants Securities on market-making for Asia ’ s first virtual asset spot ETFs
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SBS Transit and Motorola Solutions ink long term railway communications contract
Singapore ’ s leading public transport operator SBS Transit has signed a SGD $ 14 million long term service support ( LTSS ) contract with Motorola Solutions to maintain and support critical radio communications across SBS Transit ’ s Downtown Line and Sengkang and Punggol Light Rapid Transit system for the next 15 years .
“ Our TETRA radio solutions provide secure communication links between front-line workers and command centres , helping to strengthen awareness , collaboration and safety across entire operations ,” said Rajat Gupta , Vice President for Motorola Solutions Asia Pacific , Middle East and Africa .
system updates . This will enable SBS Transit ’ s fleet of more than 8,700 radios to maintain peak performance at the highest levels of the TETRA standard .
It will also support further expansion of the Downtown Line in the future , providing two additional stations for more travel options and easier transfers , while reducing the commute from Singapore ’ s east to west by up to 15 minutes .
“ By accessing our solutions as a managed service , SBS Transit can remain focused on delivering its daily operations while planning for continued growth and expansion of its rail services over time .”
Transit has used TETRA for the past decade to coordinate frontline teams and support the continued delivery of safe , smooth and successful rail operations .
The reliability and resilience of the TETRA platform will be fortified in the long term with on-site and remote network monitoring , technical support from locally based teams , cyber resilience services and
Horizon Partners with China Merchants Securities on market-making for Asia ’ s first virtual asset spot ETFs
Horizon Trading Solutions ( Horizon ), a global leader in electronic trading solutions and algorithmic technology for capital markets , is collaborating with China Merchants Securities ( HK ), a tier-1 Chinese investment bank in Hong Kong , to provide market-making solutions for the newly launched Virtual Asset ( VA ) Spot ETFs listed on the Hong Kong Exchange ( HKEX ).
Horizon was selected as the market-making solutions provider for China Merchants Securities ( HK ) due to its expertise and innovative solutions .
Horizon designed a comprehensive market-making setup utilizing HKEX ’ s colocation services under the most premium Managed & Hosted Services model , ensuring clients benefit from 24 / 5 follow-thesun support . In response to the rapidly changing virtual asset market dynamics , Horizon is committed to delivering its market-making solutions within a tight two-month timeframe .
Patrick Shum , Head of Global Markets Department , China Merchants Securities ( HK ), said : “ Collaborating with Horizon allows us to leverage their cutting-edge technology and responsive support , ensuring we can provide the liquidity and efficiency our investors expect in this rapidly growing asset class .”
Emmanuel Faure , Head of APAC & MENA , Horizon Trading Solutions , said : “ We are thrilled to partner with China Merchants Securities ( HK ). It is important for us to be part of the development of the HKEX ETF market , demonstrating our constant product evolution to follow market trends .”
Horizon ’ s solutions include performance and obligations monitoring , enabling market makers to track the maximum spread , minimum quote size , and participation rate in real time .
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