Jakarta Futures Exchange Goes Live With Trading and Risk Management Platforms From Trayport(R) Exchange Systems and 3i Infotech
By Trayport Limited, PRNEWednesday, September 8, 2010
LONDON, September 9, 2010 - The Jakarta Futures Exchange today announced that it has gone live
with its new integrated trading, surveillance and risk management system from
Trayport(R) Exchange Systems and 3i Infotech. The Jakarta Futures Exchange
has been live with Trayport's GlobalVision Exchange Trading System(SM) since
the start of August, but this has now been integrated with the AWACS
specialist surveillance and risk management system from 3i Infotech.
Trayport's GlobalVision Exchange Trading System integrates fully with 3i
Infotech's AWACS solution and it is expected that both systems will link to
3i Infotech's Tradis online broker workstation and order routing system later
this year.
"The new exchange trading platform allows us to monitor clients'
positions and margin management, market exposure and trading limits," said
Lukas Lauw, Head of Trading and IT at Jakarta Futures Exchange. "We are
pleased with the way the systems have been deployed so quickly and
effectively. The support provided by both Trayport and 3i Infotech has been
first rate and allowed us to make the change much more easily."
"GlobalVision Exchange Trading System is being increasingly used by
exchanges worldwide," said Paul Constantinou, Sales Manager for Exchange
Systems, Trayport. "The Jakarta Futures Exchange is an important player in
commodities trading in Asia and their rapid expansion and move to electronic
trading shows its clear objective for the future. More exchanges are looking
for integrated trading and risk management systems that improve their futures
and derivatives markets. We believe that the Trayport and 3i Infotech
approach gives exchanges an advanced trading platform while providing the
best fraud and risk monitoring solutions available today."
"We have already seen an increase in trading volumes as a result of
switching to Trayport's GlobalVision Exchange Trading System. We also expect
that when we implement FIX Gateway, it will allow our members to connect
their broker systems to the exchange, and so we will see an even greater
effect," said Lukas Lauw. "The platform already offers members electronic
trading of Olein (palm oil) futures and Gold contracts. We will soon add
other products including Coffee and Cocoa."
Bharat SV, 3i Infotech, commented, "Implementation of advanced trading
and risk management systems from Trayport and 3i Infotech, will ensure the
Jakarta Futures Exchange has what it needs to meet the demands of a rapidly
expanding market place."
Marcel Kay +44(0)20-7960-5500 marcel.kay@trayport.com
Contact: Marcel Kay, +44(0)20-7960-5500, marcel.kay at trayport.com
Tags: England, London, September 9, Trayport Limited