The Singapore Government Securities Electronic Applications (SGS eApps) was launched in early January 2002. The SGS eApps is an internet-based application that acts as a central platform to facilitate more effective communication between Primary Dealers in the SGS market and MAS. The electronic tendering system for the submission of auction bids for SGS was the first application to be available on SGS eApps. Additional modules will be introduced at a later stage to allow Primary Dealers to participate in the MAS Repo Facility and SGS reverse auctions, as well as to submit daily SGS prices to MAS through the SGS eApps.
The launch of the SGS eApps marked a significant milestone in the history of SGS market development. With its launch, the first electronic auction application for SGS, a 3-month T-bill, went live on 7 Jan 2002. This replaced the manual submission of auction forms to MAS. SGS eApps not only allows for greater ease in the submission of bids but also enhances the efficiency of the SGS auction process through the shortening of the auction window. SGS eApps is accessible to all Primary Dealers on the SGS website.
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