Patsystems, the trading solutions provider to the derivatives industry, has been selected as technology provider for Bursa Malaysia Derivatives Berhads new front-end for derivatives trading, known as Order Management System (OMS).
Bursa Malaysia Derivatives will offer white labeled versions of Patsystems J-Trader and Pro-Mark front-ends as options to the trading community who wish to access Bursa Malaysia Derivatives products. Both front-ends are flexible, user-friendly and can be easily deployed over the internet, making the Bursa Malaysia Derivatives market more accessible to the global marketplace.
The OMS will provide Bursa Malaysia Derivatives with high speed order routing, straight through processing and sophisticated pre-trade risk management.
We are extremely excited to have been selected as the front-end provider for Bursa Malaysia Derivatives electronic trading platform, says Barry White, regional director Asia Pacific, Patsystems. Patsystems has successfully provided technology services to members of Bursa Malaysia Derivatives, which has resulted in greater volume for the exchange. We look forward to expanding this partnership and working closely with the exchange as their technology evolves to further increase the liquidity and accessibility of their market.
Patsystems was selected by Bursa Malaysia after an extensive formal bidding process, says Chong Kim Seng, chief executive officer of Bursa Malaysia Derivatives Berhad, a subsidiary of Bursa Malaysia Berhad. The exchange ultimately chose Patsystems because of the accessibility and flexibility of their front-end technology which is an essential requirement for supporting our future growth plans.
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