Difference between revisions of "Patsystems Plc"

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{{Infobox_Company   
 
{{Infobox_Company   
 
| company_name = Patsystems Plc
 
| company_name = Patsystems Plc
| company_logo =  [[Image:Patsystems_logo.gif]]
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| company_logo =  [[Image:Patsystems May09.jpg]]  
| key_people =  [[Stewart Millman]], chairman/non-executive director; [[David Webber]], chief executive 
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| foundation =    1994
 
| foundation =    1994
| location =      London, with offices in Chicago, NY, Singapore, Tokyo, Sydney, Hong Kong
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| location =      London, with offices in Chicago, New York, Singapore, Tokyo, Sydney, Hong Kong
 
| employees =      <!-- Approx number of employees -->
 
| employees =      <!-- Approx number of employees -->
| products =      trading solutions provider
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| products =      Trading Solutions Provider
 
| homepage=        [http://www.patsystems.com www.patsystems.com]
 
| homepage=        [http://www.patsystems.com www.patsystems.com]
 
}}
 
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Patsystems, a subsidiary of [[ION]]<ref>{{cite web|url=http://www.fointelligence.com/Article/2982277/Ion-Trading-finalises-Patsystems-buy-out.html|name=ION Trading finalises Patsystems buyout|org=FOW|date=February 15, 2013}}</ref>, is a [[trading]]-solutions provider best known for its globally distributed [[J-Trader]] [[front-end]] trading screen.
Patsystems is a trading-solutions provider best known for its globally distributed [[J-Trader]] front-end trading screen.  Patsystems, often referred to in shorthand as Pats, is an [[AIM]]-listed company incorporated in England and Wales (registered under number 4498002).  
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Patsystems also offers an extensive network of exchange connectivity, risk management solutions and an [[API]] for third-party solutions providers to connect through.
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Patsystems also offers a network of [[exchange]] connectivity, [[risk management]] solutions and an [[API]] for third-party solutions providers. Patsystems' [[matching engine]] powers seven [[exchange]]s globally.
  
Patsystems provides trading for more than 10,000 users through hundreds of brokers around the world. More than 30 firms clear though Pats, including eight of the top ten [[FCM]]s.
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== History ==
 
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*Patsystems was founded in 1994.
The company floated on the [[London Stock Exchange]] in March 2000 and re-listed on the [[Alternative Investment Market]] in February 2003.  
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*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.
 
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*Patsystems [[acquire]]d [[Tamesis]] August 2005.
Patsystems offers clients a choice among three front ends. Besides the well-known [[J-Trader]], the company has more recently introduced [[Pro-Mark]] and [[IQ Trader]].
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*Maiden [[dividend]] declared in 2007.
 
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*In July of 2011, Patsystems acquired [[Mixit Inc.]].
Pats tailors its services to the type of client, offering solutions for retail traders, professional traders, API specialists, and risk managers.  
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*Patsystems was acquired by [[ION Trading]] in February 2012.
  
 
== Products ==
 
== Products ==
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*[[J-Trader]]; the most widely used electronic front-end for ETD execution.
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*[[Pro-Mark]]; a powerful front-end for high volume professionals.
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*[[Patsystems Risk Informer]]; for real-time risk management.
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*[[SyOMS]]; enables the trading of non-exchange supported order types.
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*Patsystems [[API]]; a fully-functioning interface to Patsystems' trading system.
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*[[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 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.
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==References==
 
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<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.
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*[[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.
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*[[Risk Informer]] is a program for risk managers at professional trading firms. It enables them to view and control the firm's exposure to risk by setting parameters for traders. Risk managers can limit the amount and types of products traded as well as get a real-time view of the firm's risk exposure.
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*[[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.
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*[[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.
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*Patsystems [[API]] is a full-function interface to Pats' trading system; Pats 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 systems who want to integrate with charting packages such as Trade Station and BOX 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 Pats' FIX Trading Gateway, which supports an extended FIX.4.2 message set. FIX allows parties to run on whatever platform they desire. If they are familiar with the protocol, this can result in fast time to market.
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== Recent Initiatives ==
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=== Global Trading Solution ===
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[[Macquarie Bank]] Futures Division will be the first to deploy [[Patsystems' new Global Trading Core]], which will provide customers with a global order book that lets them more efficiently 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.
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=== Connectivity with CFE ===
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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).
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== History ==
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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.
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*Acquired Tamesis August 2005? Gave Pats access to real-time trade capture, valuation and risk management systems for the structured finance and credit derivatives market (Daily News, White Plains)
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*Fall 2005? Became the first competitor of Trading Technologies (TT) to acknowledge that its software infringed on TT's patents. Pats agreed to stop selling the offending "DOME" software and TT agreed not to claim infringement by Pats' new Reflector software. Pats also agreed to pay TT at least 10 cents per transaction for customers using DOME. (Futures Magazine)
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*maiden dividend declared in 2007? (Investors Chronicle)
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== People ==
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[[David Webber]] is the CEO of Patsystems.  He joined the company in January of 2006, replacing [[Kevin Ashby]] as CEO.  Webber was formerly the chief executive of [[AttentiV Systems Group]].  At [[AttentiV Systems]] he led a management buyout and public flotation on [[AIM]].  [[AttentiV Systems Group Plc]] was acquired by TietoEnator in May 2005.
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Webber has been a member of the [[Institute of Chartered Accountants]] since 1989 and holds a BSc (Economics) from the [[London School of Economics]].
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*[[Patrick J. Kenny]] is the managing director and officer of Patsystems North America.
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*[[Graeme Neilly]] is director, global account management.
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*[[Barry White]] is regional director, Asia Pacific.
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*[[Andy Edwards]] is director of global operations.
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*[[Kieron O'Toole]] is client services director.
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*[[Jon Regan]] is director of business development.
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== Resources ==
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*[http://www.linkedin.com/companies/patsystems  Patsystems' profile on LinkedIn]
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*[http://www.patsystems.com/default.aspx Patsystems website]
  
[[Category:Front Ends]]
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[[Category:Patsystems]]
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[[Category:ION Trading]]
 
[[Category:Independent Software Vendors]]
 
[[Category:Independent Software Vendors]]
[[Category:MarketsWiki Sponsors]]
 

Latest revision as of 16:19, 1 February 2018

FTSE Russell banner 2016.gif
Patsystems Plc
Patsystems May09.jpg
Founded 1994
Headquarters London, with offices in Chicago, New York, Singapore, Tokyo, Sydney, Hong Kong
Products Trading Solutions Provider
Website www.patsystems.com

Patsystems, a subsidiary of ION[1], is a trading-solutions provider best known for its globally distributed J-Trader front-end trading screen.

Patsystems also offers a network of exchange connectivity, risk management solutions and an API for third-party solutions providers. Patsystems' matching engine powers seven exchanges globally.

History

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.

References

  1. ION Trading finalises Patsystems buyout. FOW.

Resources