Email Contact Phone Company Visit Website

London, UK Head Office

Riverside House 2A Southwark Bridge Road London SE1 9HA
London
GB

Telephone

+44 (0)20 7940 0490

Contact

Jessica Williams
[email protected]
Back to all Patsystems announcements

Patsystems Selected as Technology Provider for Newly Formed Hong Kong Mercantile Exchange

As announced earlier today in Hong Kong, the newly formed Hong Kong Mercantile Exchange (HKMEx) has selected Patsystems for both its front-end trading model and risk management system.

HKMEx will offer Patsystems’ J-Trader and award-winning Pro-Mark. Pro-Mark functionality includes advanced options trading capability, flexible charting, Excel integration, spreading tools and sophisticated functionality designed specifically for energy traders.
HKMEx will also utilize Patsystems’ post-trade risk management system, Risk Informer, which 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 the trades are executed.

HKMEx is a newly formed commodities exchange in Hong Kong. By bridging the international commodities markets with China, HKMEx will provide an efficient and transparent pricing platform for end-users and the global trading community to trade tailor-made contracts, hedge pricing risks in China and across the region, lower transactions costs and increase participation by Chinese commodities traders.

David Webber, CEO, Patsystems, said:
"The formation of the HKMEx is a milestone event for our industry and we are delighted that Patsystems has been selected to provide the trading and risk system technology. The initial financial supporters of the exchange are blue chip organisations and our selection is testament to both the quality of our product and our track record in supporting the successful growth of new business ventures across Asia."