Singapore, 22 September 2009 

Patsystems is pleased to announce that it will provide connectivity to the Singapore Mercantile Exchange (SMX) when the exchange launches later this year. 

SMX is Asia’s first multi-product global commodity derivatives exchange. Offering a state of the art electronic platform for trading futures and options contracts, SMX aims to synchronize derivatives and physical trading in commodities within the Asian time zone, while offering new derivatives products necessary for effective risk management in the Asian region.

Patsystems will offer all SMX products on its industry-leading front-ends, Pro-Mark and J-Trader.

Barry White, Regional Director Asia Pacific, Patsystems, said: “Patsystems is very excited about the launch of SMX. We have seen great interest from our existing customer base particularly, in Asia and Europe. The Patsystems’ product suite is well suited to the commodity trading community that SMX is targeting. We look forward to establishing a strong relationship with SMX and their members as this exchange grows.” 

Thomas McMahon, CEO, Singapore Mercantile Exchange, said: “The Singapore Mercantile Exchange looks forward to building a strong relationship with Patsystems utilizing their global and Asian regional distribution platform and customer base. We look to leverage the technology of SMX in conjunction with Patsystems’ development to provide multiple avenues to the market participants to access the exchange platform. Patsystems is one of the world’s leading providers of electronic trading solutions for the financial and commodity trading industry and we are pleased to welcome them as our partner.”

With this partnership in place, customers of Patsystems will have access to all SMX products which would consist of futures and options contracts in precious metals, base metals, energy, agriculture commodities, currencies and commodity indices.   

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