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Patsystems Plc

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| company_name = Patsystems Plc
| company_logo = [[Image:Patsystems_logoPatsystems May09.gifjpg]]| key_people = [[Stewart Millman]], chairman/non-executive director; [[David Webber]], chief executive
| foundation = 1994
| location = London, with offices in Chicago, New York, Singapore, Tokyo, Sydney, Hong Kong
| employees = <!-- Approx number of employees -->
| products = trading solutions providerTrading Solutions Provider
| homepage= []
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<div class="item">[ Risk Management Requirements for Derivatives Clearing Organizations]</div>
<div class="item">[ Commodity Trading Advisor Regulation]</div>
Patsystems, a subsidiary of [[ION]]<ref>{{cite web|url= /Article/2982277/Ion-Trading-finalises-Patsystems-buy-out.html|name=ION Trading finalises Patsystems Website buyout|org=Patsystems PLC FOW|date=December 7February 15, 20072013}}</ref> , is a [[trading]]-solutions provider best known for its globally distributed [[J-Trader]] [[front-end ]] trading screen. Patsystems is an [[AIM]]-listed company incorporated in England and Wales (registered under number 4498002). <div style="float:left; margin-right:1em;">{{Patsystems Ad 1}}</div>
Patsystems also offers an extensive a network of [[exchange ]] connectivity, [[risk management ]] solutions and an [[API]] for third-party solutions providers. Patsystems ' [[matching engine ]] powers seven exchanges globally, including the [[National Commodity Exchange Limitedexchange]] ([[NCEL]]) of Pakistan, the [[Tokyo Grain Exchange]], and the [[Agricultural Futures Exchange of Thailand]] (AFET)s globally.<ref>{{cite web|url= |name=Exchange Solutions|org=Patsystems Plc|date=January 31, 2008}}</ref>
== History ==*Patsystems provides trading software for more than 10,000 users through hundreds of brokers around the worldwas founded in 1994. More than 50 firms deploy Patsystems technology, including eight of the top ten [[FCM]]s. *The company floated on the [[London Stock Exchange]] (LSE) in March 2000 and re-[[listed ]] on the [[Alternative Investment Market]] in February 2003. The company was de-listed on 28th February 2012.  *Patsystems offers clients a choice of three front ends. Besides the well-known [[J-Traderacquire]], the company has more recently introduced d [[Pro-MarkTamesis]] and August 2005.*Maiden [[IQ Traderdividend]]declared in 2007Patsystems provides tailored solutions targeted at different types *In July of client2011, including solutions for retail traders, professional traders, API specialists, and risk managersPatsystems acquired [[Mixit Inc.]].*Patsystems was acquired by [[ION Trading]] in February 2012.
== Products ==
*[[J-Trader]]; the most widely used electronic front-end for ETD execution.
*[[Pro-Mark]]; a powerful front-end for high volume professionals.
*[[Patsystems Risk Informer]]; for real-time risk management.
*[[SyOMS]]; enables the trading of non-exchange supported order types.
*Patsystems [[API]]; a fully-functioning interface to Patsystems' trading system.
*[[Patsystems XConnect]]; full benefits of Patsystems' trading solution without the requirement of outsourced technology infrastructure or technical support resources.
*[[J-Trader]], created in 1999, followed a resident application version with similar functionality. It is one of the most widely used [[front ends]] in the derivatives trading business and provides direct access to all the leading exchanges. [[J-Trader]] offers multi-market, real-time trading worldwide, as well as [[pre-trade risk management]] and the trading of [[futures]], [[options]] and [[forex]] all on one screen.==References==<references/>
*[[Pro-Mark]] is an advanced application designed for professional, high-volume traders. It was built for high speed trading, in particular of complex strategies such as multi-leg spreads. [[Pro-Mark]]'s key features include intuitive trading and intelligent order management, sophisticated spreading tools, Excel integration, technical charting, and advanced options functionality.  *[[IQ Trader]] is designed for technical traders (chartists). It contains tools that analyze and interpret markets to help traders choose the best strategies, enabling them to perform sophisticated operations without needing programming skills. It offers fast, easy backtesting and guarantees seemless automation. It also connects to a large number of data providers. * [[Screen2pit]] links electronic markets with [[open outcry]] markets, providing access to markets and products previously unavailable to the online trader.  *[[Risk Informer]] provides sophisticated, real-time risk management across all asset classes. It calculates margin requirements and aggregates trades on a real-time basis, giving a consolidated view as the client trades. The result is a comprehensive picture of risk to satisfy the needs of all traders and risk managers.  *[[Risk Monitor]] is Patsystems’ newly implemented pre-trade risk management solution. Risk Monitor offers clients the ability to configure and manage an extensive set of comprehensive risk checks, helping to prevent risk before the trade even takes place.  *Patsystems [[X-link]] is a software product that allows customers to trade on remote exchanges without becoming a member. It is not a fixed network; rather it bridges separate Patsystems trading domains and systems, for example letting a customer trade on a Chicago system and a London system at the same time.  *Patsystems [[API]]<ref>{{cite web|url= =40&pageid=40&menuname=Trading+API&menu=sub |name=Patsystems’ FIX Trading Gateway |org=Patsystems PLC |date=December 7, 2007}}</ref> is a full-function interface to Patsystems' trading system; Patsystems uses it to service its own front-ends. The [[API]] can be used by third parties who want to write their own front end to their exact requirements, or traders who want to integrate with charting packages or algorithmic trading systems. Parties who are are familiar with the [[Financial Information Exchange (FIX) protocol]], the industry's leading protocol for financial trading interfaces, can connect to [[Patsystems' FIX Trading Gateway]], which supports an extended [[FIX.4.2]] message set. [[FIX]] allows parties to run on whatever platform they desire.  * [[J-Simulator]] is a training tool that teaches you how to use J-Trader. It functions exactly like the live J-Trader [[front-end]], but since your orders are not sent to a real exchange, you can learn without loss == Exchange Connectivity == Patsystems is [[Patsystems Exchange Connections|connected to 53]] exchanges, electronic trading platforms and trading floors worldwide.  == Recent Initiatives == === Global Trading Solution === [[Macquarie Bank]] Futures Division will be the first to deploy [[Patsystems Global Trading]], which will provide customers with a global order book that allows them to manage trades and trade processing. Patsystems will host the solution and deploy it to Macquarie Bank's offices and clients globally. The Trading Core will support non-stop trading: 24 hours per day, 6.5 days a week. === Connectivity with CFE === On October 15, 2007, the [[CBOE Futures Exchange]], LLC (CFE) announced it would provide connectivity to [[Calyon Financial]] through Patsystems, enabling Calyon Financial's customers access to all CFE products, including futures on the well-known CBOE Volatility Index (VIX). == History == Patsystems was founded in 1994 by a group of derivatives traders and technology professionals at a time when the [[futures]] markets were beginning to migrate from physical trading floors to an electronic model. [[Tom Theys]], a former floor trader, designed the Patsystems software while working at [[Liffe]]. The idea was based around a hand-held device that would put orders into other markets with an interface that would connect the hand-held to the [[DTB]] (the forerunner to [[Eurex]]) to facilitate arbitrage with [[Liffe]]. That led to offering clients direct access to exchanges through the internet; the software Theys designed would then be distributed to locals in dealing rooms or in their homes. Unlike other [[ISVs]] at the time, Theys and the other Patsystems founders were interested in bringing direct access to retail as well as institutional customers.  Eventually, the company was approached by [[Investec]], a South African bank that wanted to take Patsystems public, which it did. Patsystems raised $80 million in an IPO in March 2000. [[Thomas Theys| Theys]] left Patsystems in 2003.  *Acquired [[Tamesis]] August 2005. The acquisition gave Patsystems access to real-time trade capture, valuation and risk management systems for the structured finance and credit derivatives market. *Maiden dividend declared in 2007 <ref> Investors Chronicle </ref> == People == [[David Webber]]<ref>{{cite web|url= |name=Patsystems Key Personnel |org=Patsystems PLC |date=December 7, 2007}}<companies/ref> joined the company as CEO in January of 2006, replacing [[Kevin Ashby]]. patsystems Webber was formerly the chief executive of [[AttentiV Systems Group]]. At [[AttentiV Systems]] he led a management buyout and public flotation Patsystems' profile on [[AIMLinkedIn]]. [[AttentiV Systems Group Plc]] was acquired by TietoEnator in May 2005. [[David Webber| Webber]] has been a member of the [[Institute of Chartered Accountants]] since 1989 and holds a BSc (Economics) from the [[London School of Economics]]. * [[Martin Thorneycroft]]<ref>{{cite web|url= |name=aspx Patsystems Key Personnel |org=Patsystems PLC |date=December 7, 2007}}</ref>is group finance director. *[[Patrick J. Kennywebsite]]<ref>{{cite web|url= |name=Patsystems Key Personnel |org=Patsystems PLC |date=December 7, 2007}}</ref> is the managing director and officer of Patsystems North America. *[[Graeme Neilly]]<ref>{{cite web|url= |name=Patsystems Key Personnel |org=Patsystems PLC |date=December 7, 2007}}</ref> is director, global account management. *[[Barry White]]<ref>{{cite web|url= |name=Patsystems Key Personnel |org=Patsystems PLC |date=December 7, 2007}}</ref> is regional director, Asia Pacific. *[[Andy Edwards]]<ref>{{cite web|url= |name=Patsystems Key Personnel |org=Patsystems PLC |date=December 7, 2007}}</ref> is director of global operations. *[[Kieron O'Toole]]<ref>{{cite web|url= |name=Patsystems Key Personnel |org=Patsystems PLC |date=December 7, 2007}}</ref> is client services director. *[[Jon Regan]]<ref>{{cite web|url= |name=Patsystems Key Personnel |org=Patsystems PLC |date=December 7, 2007}}</ref> is director of business development. ==References==<references />
[[Category:Electronic Patsystems]][[Category:ION Trading Platforms]]
[[Category:Independent Software Vendors]]
[[Category:MarketsWiki Sponsors]]