ADS Securities Announces Asian Launch of its OREX Platform
The platform has been designed to offer a very low latency service which meets the needs of high-frequency and high volume traders. The solution, developed through a white label partnership with FlexTrade, will accommodate a range of ticket sizes and gives clients access to bank, non-bank and unique GCC liquidity.
The new OREX platform, part of ADS Securities institutional Optim service, caters for various trading styles, including programming to cover specific algorithmic trading functionalities. It can lower transaction costs by entering into only one average rate ticket, regardless of the number of trades done in the background to place large market orders. It also has a very robust underlying Quote Engine and servers in all three key time zones to provide the high speed solution that traders are looking for.
“Quarter-on-quarter we are continuing to increase our daily volumes at a time when many of our competitors are seeing drops in trading. This is in part as a result of our ability to keep investing in technology and in our focus on tailoring solutions to clients’ requirements. ADS Securities strength and ambition means that we are uniquely positioned in a highly competitive marketplace,” said Mathieu Ghanem, ADS Securities’ Head of Sales, Asia.
In H2 last year ADS Securities set up a server in New York (NY4) to specifically service algorithm traders, as well as commissioning three additional servers continental locations. In Q2 this year a London datacenter (LD4) will come online along with a Tokyo (TY3) server. The investment in technology allows Optim to deliver exceptional execution and price, based on a mix of bank, non-bank and unique regional liquidity which gives institutions access to multiple liquidity pools which can be aligned to individual trading styles and strategies.
“ADS Securities is recognised for the price we can bring to market, using bank, non-bank and unique regional liquidity from the Middle East. This, paired with the newest technology and strong support, adds significant value to our clients and partners, including those based in Asia,” said Derrick Ngor Bok Koon, General Manager of ADSS Singapore, which is the company’s Asia headquarters.
“As a modern trading house, ADSS can match the liquidity to the specific needs of clients to ensure higher fill ratios and lower latencies in the execution, which is the ultimate goal for traders worldwide. We are very careful about the clients we bring on, from both a price maker, as well as from a price taker, perspective,” said Ngor.