Difference between revisions of "Patsystems Plc"

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(In the Media)
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*[[June 10]], [[2009]] - Mizuho Securities expands Patsystems offerings with Singapore Installation <ref> {{cite web|url = http://singaporebizz.com/mizuho-securities-expands-patsystems-offerings-with-singapore-installation-thaiprnet.html|name = Mizuho Securities expands Patsystems offerings with Singapore Installation |org = SingaporeBizz.com|date = July 20, 2009}}</ref>
 
*[[June 10]], [[2009]] - Mizuho Securities expands Patsystems offerings with Singapore Installation <ref> {{cite web|url = http://singaporebizz.com/mizuho-securities-expands-patsystems-offerings-with-singapore-installation-thaiprnet.html|name = Mizuho Securities expands Patsystems offerings with Singapore Installation |org = SingaporeBizz.com|date = July 20, 2009}}</ref>
 
*[[June 8]], [[2009]] - Patsystems’ Risk Management Products Meet Market Demand <ref> {{cite web|url = http://www.bobsguide.com/guide/news/2009/Jun/8/Patsystems%E2%80%99_Risk_Management_Products_Meet_Market_Demand.html|name = Patsystems’ Risk Management Products Meet Market Demand|org = Bobsguide|date = July 20, 2009}}</ref>
 
*[[June 8]], [[2009]] - Patsystems’ Risk Management Products Meet Market Demand <ref> {{cite web|url = http://www.bobsguide.com/guide/news/2009/Jun/8/Patsystems%E2%80%99_Risk_Management_Products_Meet_Market_Demand.html|name = Patsystems’ Risk Management Products Meet Market Demand|org = Bobsguide|date = July 20, 2009}}</ref>
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*[[June 8]], [[2009]] - Patsystems Ameliorates Turbulence in Risk Management  <ref> {{cite web|url = http://www.rfpconnect.com/news/2009/6/8/patsystems-ameliorates-turbulence-in-risk-management|name = Patsystems Ameliorates Turbulence in Risk Management|org = RFP Connect|date = July 20, 2009}}</ref>
 
*[[June 8]], [[2009]] - Patsystems Ameliorates Turbulence in Risk Management  <ref> {{cite web|url = http://www.rfpconnect.com/news/2009/6/8/patsystems-ameliorates-turbulence-in-risk-management|name = Patsystems Ameliorates Turbulence in Risk Management|org = RFP Connect|date = July 20, 2009}}</ref>
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*[[June 5]], [[2009]] - Patsystems plc - Financial and Strategic Analysis Review <ref> {{cite web|url = http://www.prlog.org/10251238-patsystems-plc-financial-and-strategic-analysis-review.html|name = Patsystems plc - Financial and Strategic Analysis Review|org = PR Log|date = July 20, 2009}}</ref>
 
*[[June 5]], [[2009]] - Patsystems plc - Financial and Strategic Analysis Review <ref> {{cite web|url = http://www.prlog.org/10251238-patsystems-plc-financial-and-strategic-analysis-review.html|name = Patsystems plc - Financial and Strategic Analysis Review|org = PR Log|date = July 20, 2009}}</ref>
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*[[May 14]], [[2009]] - Patsystems Offers E-Trading of Futures in Asia  <ref> {{cite web|url = http://www.btimes.com.my/Current_News/BTIMES/articles/20090514003333/Article/index_html|name = Patsystems' Offers E-Trading of Futures|org = Business Times|date = July 20, 2009}}</ref>
 
*[[May 14]], [[2009]] - Patsystems Offers E-Trading of Futures in Asia  <ref> {{cite web|url = http://www.btimes.com.my/Current_News/BTIMES/articles/20090514003333/Article/index_html|name = Patsystems' Offers E-Trading of Futures|org = Business Times|date = July 20, 2009}}</ref>
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*[[May 12]], [[2009]] - Patsystems' Finalizes Connection to Bursa Malaysia <ref> {{cite web|url = http://www.fointelligence.com/Article/2200144/Bursa-Malaysia-hopes-for-volume-boost-as-Patsystems-connects.html|name = Bursa Malaysia Hopes for Volume Boost as Patsystems' Connects|org = FOIntelligence|date = July 20, 2009}}</ref>
 
*[[May 12]], [[2009]] - Patsystems' Finalizes Connection to Bursa Malaysia <ref> {{cite web|url = http://www.fointelligence.com/Article/2200144/Bursa-Malaysia-hopes-for-volume-boost-as-Patsystems-connects.html|name = Bursa Malaysia Hopes for Volume Boost as Patsystems' Connects|org = FOIntelligence|date = July 20, 2009}}</ref>
*[[February 10]], [[2009]] - STOCKS NEWS EUROPE-UK Small Caps slip 0.4 percent early <ref> {{cite web|url = http://uk.reuters.com/article/idUKLA17720220090210?pageNumber=1&virtualBrandChannel=0|name = STOCKS NEWS EUROPE-UK Small Caps slip 0.4 percent early|org = Reuters UK|date = July 20, 2009}}
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*[[March 20]], [[2009]] - Redefining the Blue Chip <ref> {{cite web|url = http://www.marketsmediaonline.com/news_details.htm?wP=1&wPI=1&cN=3256|name = Redefining the Blue Chip|org = Markets Media|date = July 20, 2009}}</ref>
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*[[February 16]], [[2009]] - Patsystems Gains Access to Brazilian Market <ref> {{cite web|url = http://www.financetech.com/feed/showArticle.jhtml?articleID=214500556&cid=RSSfeed_FTN_All|name = Patsystems Gains Access to Brazilian Market|org = FinanceTech|date = July 20, 2009}}</ref>
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*[[February 16]], [[2009]] - Finextra50 steady on mixed earnings and guidance from fintech firms <ref> {{cite web|url = http://www.finextra.com/fullstory.asp?id=19641|name = Finextra50 steady on mixed earnings and guidance from fintech firms|name = Finextra|date = July 20, 2009}}</ref>
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*[[February 10]], [[2009]] - STOCKS NEWS EUROPE-UK Small Caps slip 0.4 percent early <ref> {{cite web|url = http://uk.reuters.com/article/idUKLA17720220090210?pageNumber=1&virtualBrandChannel=0|name = STOCKS NEWS EUROPE-UK Small Caps slip 0.4 percent early|org = Reuters UK|date = July 20, 2009}}</ref>
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*[[February 5]], [[2009]] - Midas Extra: Kalahari Minerals & Patsystems <ref> {{cite web|url = http://www.thisismoney.co.uk/investing/share-tips-fund-tips/article.html?in_article_id=473020&in_page_id=23&in_author_id=1822|name = Midas Extra: Kalahari Minerals & Patsystems|org = ThisisMoney.co.uk|date = July 20, 2009}}</ref>
 
*[[February 5]], [[2009]] - Midas Extra: Kalahari Minerals & Patsystems <ref> {{cite web|url = http://www.thisismoney.co.uk/investing/share-tips-fund-tips/article.html?in_article_id=473020&in_page_id=23&in_author_id=1822|name = Midas Extra: Kalahari Minerals & Patsystems|org = ThisisMoney.co.uk|date = July 20, 2009}}</ref>
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*[[January 29]], [[2009]] - Patsystems Signs Contract with Nomura Securities International, Inc <ref> {{cite web|url = http://www.automatedtrader.net/algo-trading-%20%20%20%20%20%20%20%20%20%20%20%20%20%20news%20%20%20%20%20%20%20%20%20%20%20%20%20%20-258.xhtm|name = Patsystems Signs Contract with Nomura Securities International, Inc|org = Automated Trader|date = July 20, 2009}}</ref>
 
*[[January 29]], [[2009]] - Patsystems Signs Contract with Nomura Securities International, Inc <ref> {{cite web|url = http://www.automatedtrader.net/algo-trading-%20%20%20%20%20%20%20%20%20%20%20%20%20%20news%20%20%20%20%20%20%20%20%20%20%20%20%20%20-258.xhtm|name = Patsystems Signs Contract with Nomura Securities International, Inc|org = Automated Trader|date = July 20, 2009}}</ref>
  

Revision as of 14:52, 20 July 2009

Patsystems Plc
Patsystems May09.jpg
Founded 1994
Headquarters London, with offices in Chicago, New York, Singapore, Tokyo, Sydney, Hong Kong
Key People Richard Last, Chairman/Non-Executive Director; David Webber, Chief Executive
Products Trading Solutions Provider
Website www.patsystems.com

Patsystems[1] 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).

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, including the National Commodity Exchange Limited (NCEL) of Pakistan, the Tokyo Grain Exchange, and the Agricultural Futures Exchange of Thailand (AFET).[2]

People

Template:Patsystems Ad 1R

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. Theys left Patsystems in 2003.

(The company floated on the London Stock Exchange (LSE) in March 2000 and re-listed on the Alternative Investment Market in February 2003.)

Products

Patsystems provides trading software for more than 10,000 users through hundreds of brokers around the world. More than 50 firms deploy Patsystems technology, including eight of the top 10 futures commission merchants.

Patsystems offers clients a choice of three front ends. Besides the well-known J-Trader, the company has more recently introduced Pro-Mark and IQ Trader.

Patsystems provides tailored solutions targeted at different types of client, including solutions for retail traders, professional traders, API specialists, and risk managers.

  • 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. Pro-Mark was named "Technology Product of the Year" in the 2008 FOW Awards.
  • 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.
  • SyOMS is Patsystems' Synthetic Order Management System that enables the trading of non-exchange supported order types. These include Iceberg, Ghost, and Bracket orders. SyOMS Pro also supports With a Tick, OCO, and Time-Sliced orders.
  • Patsystems 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.
  • Patsystems Risk Alert is Patsystems’ newly implemented pre-trade risk management solution. Risk Alert 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 exchange]s 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 ASP or application service provider is a hosted solution that provides the full benefits of the Patsystems trading platform without the requirement for clients to invest in a technology infrastructure or technical support resources. The ASP offering supports a wide variety of end user connectivity options including Internet, VPN and lease line.

Recent Initiatives

Patsystems in Malaysia

Patsystems now offers direct market access to Bursa Malaysia. Customers using Patsystems will now have electronic access to Malaysian flagship products such as Malaysian Crude Palm Oil futures. In related news, Phillip Futures has taken a full installation of the Patsystems infrastructure in Kuala Lumpur. [13]

Direct Access to Brazil

Patsystems completed the BM&F certification process and is therefore a Certified ISV of the exchange, offering direct market access to all BM&F products. Patsystems also offers access to BM&F products via CME Globex, the electronic trading platform of CME Group. This link allows existing CME Group customers to trade the main BM&F derivatives contracts listed on the Globex platform.[14]

Expanded Exchange Connectivity

Patsystems now offers connectivity to TurkDex, the Turkish Derivatives Exchange, and IDEX, the new segment of the Borsa Italiana’s derivatives market (IDEM).

Algorithmic Trading

Patsystems’ AlgoServer provides a framework for defining and developing algorithms for server-side implementation, including presentation of the algorithms as synthetic order types on the front-end.

Continued Growth in Hong Kong

Singapore: 21 July 2008 – Patsystems announces that Guotai Junan Futures (Hong Kong) Ltd (Guotai) has signed a deal to implement and deploy Patsystems technology in Hong Kong.

Guotai would take a full installation of the Patsystems solution. The solution would provide Guotai and its customers with direct access to CME, CBOT, NYBOT, ICE, LIFFE, LME, Eurex, SGX, OSE, KRX, and HKEX via the Patsystems X-Link, which enables Patsystems’ customers to interconnect to a receiving broker.

Patsystems Partners with Hong Kong Mercantile Exchange

On June 25, 2008, it was announced the newly formed Hong Kong Mercantile Exchange (HKMEx) had selected Patsystems for both its front-end trading model and risk management system.

HKMEx would offer Patsystems’ J-Trader and Pro-Mark. Pro-Mark functionality includes advanced options trading capability, flexible charting, Excel integration, spreading tools and functionality designed specifically for energy traders.

HKMEx would also utilize Patsystems’ post-trade risk management system, Risk Informer. Risk Informer will manage margin risk for all asset classes traded on HKMEx. Risk Informer will calculate margin requirements in real-time, using standard margin methodologies including SPAN, TIMS, and proprietary margin calculation. It aggregates trades on a real-time basis and provides a consolidated view in real-time as trades are executed.

Patsystems Risk Informer

On June 24, 2008, announced that GH Financials had selected Risk Informer to be its global post-trade risk system.

The system will manage global risk for all exchange trade futures and options at GH Financials. The solution would monitor clients’ aggregated risk in real-time across all the clients’ trading activities and will provide both real-time monitoring and automatic notification of limit breaches.

Risk Informer is a standalone, flexible solution built to monitor and manage risk in real-time on multi-asset classes executed through any trading platform.

In the Media

  • June 10, 2009 - Mizuho Securities expands Patsystems offerings with Singapore Installation [15]
  • June 8, 2009 - Patsystems’ Risk Management Products Meet Market Demand [16]
  • June 8, 2009 - Patsystems Ameliorates Turbulence in Risk Management [17]
  • June 5, 2009 - Patsystems plc - Financial and Strategic Analysis Review [18]
  • May 12, 2009 - Patsystems' Finalizes Connection to Bursa Malaysia [20]
  • January 29, 2009 - Patsystems Signs Contract with Nomura Securities International, Inc [26]

References

  1. Patsystems Website. Patsystems PLC.
  2. Exchange Solutions. Patsystems Plc.
  3. Patsystems Key Personnel. Patsystems PLC.
  4. Patsystems Key Personnel. Patsystems PLC.
  5. Key Personnel. Patsystems Plc.
  6. Key Personnel. Patsystems Plc.
  7. Patsystems Key Personnel. Patsystems PLC.
  8. Patsystems Key Personnel. Patsystems PLC.
  9. Patsystems Key Personnel. Patsystems PLC.
  10. Patsystems Key Personnel. Patsystems PLC.
  11. Patsystems - Screen2pit. RFP Connect.
  12. Patsystems’ FIX Trading Gateway. Patsystems PLC.
  13. Press ReleaseExchange. Patsystems Plc.
  14. Press ReleaseExchange. Patsystems Plc.
  15. Mizuho Securities expands Patsystems offerings with Singapore Installation. SingaporeBizz.com.
  16. Patsystems’ Risk Management Products Meet Market Demand. Bobsguide.
  17. Patsystems Ameliorates Turbulence in Risk Management. RFP Connect.
  18. Patsystems plc - Financial and Strategic Analysis Review. PR Log.
  19. Patsystems' Offers E-Trading of Futures. Business Times.
  20. Bursa Malaysia Hopes for Volume Boost as Patsystems' Connects. FOIntelligence.
  21. Redefining the Blue Chip. Markets Media.
  22. Patsystems Gains Access to Brazilian Market. FinanceTech.
  23. Finextra. {{{org}}}.
  24. STOCKS NEWS EUROPE-UK Small Caps slip 0.4 percent early. Reuters UK.
  25. Midas Extra: Kalahari Minerals & Patsystems. ThisisMoney.co.uk.
  26. Patsystems Signs Contract with Nomura Securities International, Inc. Automated Trader.