Transatlantic exchange group Nasdaq OMX is set to provide its trading technology to the Singapore Exchange, as part of the Asian bourse's $250m (€205m) restructuring plan, in a further sign of the pressures facing traditional exchanges to diversify their business models.

Nasdaq OMX today revealed that SGX will use its Genium INET technology to power a new platform known as SGX Reach, which will trade cash equities from next year, according to a company statement.