Patsystems Launches ‘XConnect’ as New ASP Hubs Open Across Asia Pacific
Patsystems announced July 22 its new fully-managed Application Service Provider (ASP) offering, XConnect, as it launches three new ASP hubs across Asia Pacific.
Patsystems’ new ASP hubs, located in Hong Kong, Singapore and Sydney, join Patsystems’ successful and established hub in Tokyo. Each hub offers localised exchange connectivity, a choice of three front-end trading applications, API access and full pre-trade risk management.
The hubs in Hong Kong, Singapore, Sydney and Tokyo will be networked to one another using Patsystems’ XLink technology. Patsystems XLink provides seamless communication and order routing between any Patsystems’ installation or client site, therefore allowing clients to access exchanges without direct membership.
This new ASP network is the foundation for Patsystems’ XConnect. XConnect provides the full benefits of Patsystems trading solution without the need for clients to invest in a technology infrastructure or technical support resources. Clients can opt to use just one of Patsystems’ ASP hubs, or they can utilise multiple hubs to facilitate cross-market access. For example, a client in Tokyo can utilise the Tokyo hub for local access to the OSE, TFX, TSE and TOCOM. Using the XConnect network, they can leverage the Hong Kong hub to access HKEx and the Singapore hub for access to SGX, SICOM, CME Group®, LME and NYSE Liffe.
Patsystems plans to announce the locations of additional ASP hubs later this year, which will also be part of Patsystems XConnect network.
Barry White, Regional Director of Asia Pacific, said:
“Patsystems XConnect offering allows us to focus on the needs of local and regional customers who require infrastructure outsourcing and exchange access. XConnect enables new and existing customers to leverage our XLink technology across the four Asian hubs, providing customers with greater connectivity options. We look forward to on-boarding customers to our efficient and cost-effective ASP solution.”