Patsystems, the trading and risk management solutions provider to the derivatives industry, is pleased to announce that PFGBEST has joined Patsystems XConnect in Chicago to offer the trading platform to its global client base.
By using the Patsystems XConnect front end trading platform, customers of PFGBEST have low latency access to several leading futures exchanges, including CME Group, Eurex, IntercontinentalExchange (ICE), LME, and NYSE Liffe.
Customers can access these markets using one of Patsystems’ award-winning front-end trading platforms – J-Trader or Pro-Mark – which offer advanced, yet easy-to-use functionality such as multi-leg spreading, Excel integration, options strategy creation, advanced order types, and order-passing capability for brokers.
Patsystems XConnect is a high performance, fully-managed Application Service Provider (ASP) solution. It is highly scalable, supporting any number of customers, with full resiliency and redundancy. It offers the full array of benefits of the Patsystems trading solution, including a choice of front-end trading platforms, full pre-trade risk management, 24 x 6 customer support, and 24 x 7 real-time network monitoring – without the need for clients to manage or invest in hardware and related support resources. Patsystems XConnect is made up of a network of hubs located in Chicago, London, Hong Kong, Singapore, Sydney and Tokyo.
Sean Barry, Managing Director for Patsystems Americas, said: “We are excited to welcome PFGBEST as our newest customer on Patsystems XConnect. Patsystems XConnect is ideal for PFGBEST, as its scalable architecture can support any number of users, providing a cost-effective solution for the large retail customer base served by PFGBEST. Patsystems’ front-end applications, including our widely distributed and well-established J-Trader, can be easily distributed to PFGBEST customers.”
Erich Nazarof, Director of Institutional Trading at PFGBEST, added: “PFGBEST is committed to helping clients achieve sustainable investing and trading goals. Patsystems XConnect furthers our strategy to give our customers access to best-of-breed risk management and trading capabilities.”