SGX Offers Derivatives Trading Via Internet

SINGAPORE — Derivatives contracts on the Singapore Exchange Derivatives Trading (SGX-DT) system are now accessible via the Internet. Developed by patsystems, a provider of electronic trading systems, the SGX’s electronic trading system (SGX ETS) is said to make available a low-cost alternative to leased lines and dedicated terminals for order routing.

Patsystems, which is listed on the London Stock Exchange, had in February this year added the SGX to its growing stable of exchange connectivity, giving brokerage houses the flexibility to offer their customers individual trading screens with instant, direct access to SGX-DT’s electronic products.

SGX-DT member firms are now able to offer their customers access to risk management and investment tools such as Euroyen Futures, Japanese Government Bond (JGB) Futures, Nikkei 225 Futures, Nikkei 300 Futures, MSCI Taiwan Index Futures, MSCI Singapore Index Futures, Straits Times Index Futures and S&P CNX NIFTY Index Futures.

Said Jimmy Ang, executive vice-president and head of SGX-DT, “This is a clear indication of SGX’s commitment to extend the reach of our products and services to the global investors, wherever they may be. Our members, and independent software vendors (ISVs) like patsystems, will continue to play a vital role in adding value to our global distribution network.

“We expect strong interest not only from retail and institutional investors in Singapore, but also from various international financial centers. Several other ISVs and members are also expected to be ready to launch their own interfaces with our SGX ETS in the coming weeks.”

Sassoon Financial Futures is the first SGX-DT member firm to provide Internet access to SGX ETS. “Adopting this mode of access will greatly enhance the way SGX-DT’s products are currently distributed. It will add a new meaning to cross-border marketing efforts, especially with Sassoon Financial Futures’ firm focus on the Pacific-Rim markets,” said Steven Loke, general manager of Sassoon Financial Futures.