Published On: Tue, Nov 22nd, 2011

Straits Financial Group Selects Patsystems XConnect

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Patsystems, the trading and risk management solutions provider to the derivatives industry, is pleased to announce that Straits Financial has joined Patsystems XConnect in Singapore to facilitate its global exchange-traded derivatives business.

By leveraging Patsystems XConnect, customers of Straits Financial will have access to several leading futures exchanges, including CME Group (CBOT, NYMEX and COMEX), ICE, SGX, HKEx, TOCOM and LME.

Customers can access these markets from anywhere in the world using Patsystems’ API or Patsystems’ award-winning front-end trading platforms, Pro-Mark, or J-Trader, which includes integrated charting and news from Market-Q.

Straits Financial will be able to easily monitor and control its clients trading activity using Patsystems comprehensive pre-trade risk management system.

“Patsystems offers trading tools that suit a wide range of customers, from retail traders to large institutional groups. We selected Patsystems because of their ability to cater to our diverse set of customers, their solid risk management capabilities and their extensive market connectivity,” said Joseph Mazurek, President, Straits Financial LLC.

Barry White, Patsystems Regional Director of Asia Pacific, added, “Patsystems XConnect is the ideal solution for Straits Financial as it offers a seamless, cost effective means of facilitating their futures trading business across their large global footprint.”

Patsystems XConnect is a high performance, fully-managed Application Service Provider (ASP) solution. It is highly scalable, supporting any number of customers, with full resiliency and redundancy. It offers the full benefits of the Patsystems trading solution – including a choice of front-end trading platforms, full pre-trade risk management and real-time network monitoring – without the need for clients to manage or invest in hardware and related support resources. Patsystems XConnect is made up of a network of hubs located in Chicago, London, Hong Kong, Singapore, Sydney and Tokyo.

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