September 10, 2010

The Jakarta Futures Exchange went live with its new integrated trading, surveillance and risk management system from Trayport Exchange Systems and 3i Infotech.

JFE has been live with the Trayport’s GlobalVision Exchange Trading System since the start of August, but this has now been integrated with the Advanced Warning And Control System (AWACS) specialist surveillance and risk management system from href= .com target=”_blank”>3i Infotech.

The new exchange trading platform allows us to monitor clients’ positions and margin management, market exposure and trading limits,” said Lukas Lauw, head of Trading and IT at Jakarta Futures Exchange. “We are pleased with the way the systems have been deployed so quickly and effectively. The support provided by both Trayport and 3i Infotech has been first rate and allowed us to make the change much more easily.”

According to Paul Constantinou, sales manager for Exchange Systems, Trayport, exchanges worldwide are increasingly using GlobalVision Exchange Trading System. “The Jakarta Futures Exchange is an important player in commodities trading in Asia and their rapid expansion and move to electronic trading shows its clear objective for the future,” stated Constantinou in the release. “More exchanges are looking for integrated trading and risk management systems that improve their futures and derivatives markets,” he further stated in the release, noting that the Trayport3i Infotech approach gives exchanges an advanced trading platform while providing the best fraud and risk monitoring solutions available today.”

When Trayport’s Exchange Systems implements FIX Gateway, members will be able to connect their broker systems to the exchange, stated JFE’s Lauw in the release, adding he would expect to see a “greater effect.” Electronic trading of olein (palm oil) futures and gold products is already offered on the platform, and soon other products including coffee and cocoa, are to be added.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in ...