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).
Patsystems also offers an extensive network of exchange connectivity, risk management solutions and an API for third-party solutions providers to connect through.
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 FCMs.
The company floated on the London Stock Exchange in March 2000 and re-listed on the Alternative Investment Market in February 2003.
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.
J-Trader, created in ?????, was the company's first product. 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.
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.
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.
David Weber is the CEO of Patsystems. He joined the company in 2006, replacing Kevin Ashby as CEO. Weber 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.
Patrick J. Kenny is the managing director and officer of Patsystems North America.
Graeme Neilly is director, global account management
Barry White is regional director, Asia Pacific
Andy Edwards is director of global operations
Kieron O'Toole is client services director
Jon Regan is director of business development