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Standard Bank Partners with Patsystems

2010-09-21 09:00
  • English

HONG KONG -- (BUSINESS WIRE) --

Patsystems (LSE:PTS) is pleased to announce Standard Bank as its newest customer in Hong Kong.

Standard Bank is now live with a full installation of Patsystems' trading solution, which includes market connectivity, pre-trade risk management and the use of Patsystems' front-end trading platforms, J-Trader and Pro-Mark. Standard Bank will use a white labelled version of Patsystems J-Trader, which will be known as MetalsWeb e-Trader, to support its base metals business in Asia Pacific and worldwide with a direct, low-latency connection to the London Metals Exchange (LME).

Using MetalsWeb e-Trader, customers of Standard Bank can trade LME products, such as aluminium, copper, nickel, tin, and zinc, directly on the LME during Asia time. The platform provides traders with an intuitive and flexible trading screen. Key functionality includes access to multiple markets and instruments from one screen, real-time profit and loss, multi-exchange spreading and one-click scalping, protection of orders and integrated charting. More advanced front-end functionality is available through Patsystems Pro-Mark, which offers strategy creation functionality, Excel integration, sophisticated multi-exchange, multi-leg spreading and advanced order types such as Icebergs and Ghost orders.

Barry White, Regional Director Asia Pacific, Patsystems, said:
"Patsystems is pleased to provide Standard Bank with a flexible solution to support further growth of their leading base metals business. We look forward to a long and successful partnership with Standard Bank."

Victor Yu, Vice Chairman of Commodities, Asia, Standard Bank, said:
"Standard Bank has been a leading player in the base metal market in Asia for over 10 years now. Trading technology is an increasingly important tool in this market where Standard Bank provides a global 24 hour base metal service. We are very pleased to be adding further value to our base metal customers in this area during the Asia time zone."

About Patsystems
Patsystems delivers tailored solutions, built from modular components, to enhance derivatives trading performance and trade processing. We work in partnership with our customers to deliver robust systems that align with their business strategies. Our solutions can range from a plug-and-play module to address a specific issue, to complete high-performance trading systems with global market access. Patsystems operates from a global network of offices covering all major derivatives trading centres. Our shares are traded on the London Stock Exchange's Alternative Investment Market (AIM). www.patsystems.com

About Standard Bank
Rooted in Africa with strategic representation in key sub-Saharan and other emerging markets, Standard Bank is a bank with a global footprint. The holding company is based in Johannesburg, South Africa, and listed on the JSE Securities Exchange (JSE) as Standard Bank Group Limited. It has been a mainstay of South Africa's financial system for more than 145 years. Standard Bank is a leading African banking group focused on emerging markets globally which now spans 17 countries across the African continent and 16 countries outside Africa. The international expansion has taken it to key financial centres of the world including Brazil, Russia and China.

Standard Bank Plc in London is the bank's principal international subsidiary. It is authorised and regulated by the Financial Services Authority, and is a member of the London Stock Exchange, the London Bullion Market Association, the London Metal Exchange, the London Platinum and Palladium Market and the New York Mercantile Exchange (COMEX Division). Through its branch in Tokyo, it is also a member of the Tokyo Commodities Exchange (TOCOM). It has major trading affiliates in Brazil (Banco Standard de Investimentos S.A.), Argentina (Standard Bank Argentina S.A.), and Hong Kong (Standard Bank Asia Ltd.) www.standardbank.com/cib

 

CONTACT:

Patsystems plc
Barry White, Regional Director Asia Pacific
+65 6216 0459
or
Katherine Murray, Head of Marketing
+1 312 542 1313
or
Standard Bank
Victor Yu, Vice Chairman of Commodities, Asia
+86 21 6841 1628