The Financial & Energy Exchange (FEX) is building a world class exchange platform, focused on developing a suite of services for the Asian derivative markets. The benchmark FEX products will include traditional Asian energy products such as crude oil and thermal coal.
The offering will also extend to emerging energy and environmental products to help service existing and new liquidity pools. The FEX exchange traded futures market will utilise OMX technology, the premium matching engine technology supplier to world exchanges. The Clearing Corporation of Chicago, the world's largest independent clearing house, will provide clearing services.
Henk Huitema, Managing Director, Asia Pacific for RTS, said: "RTS is pleased to provide access to a new trading venue. Our ongoing connectivity enhancements offer our customers the ability to continually tap into new trading opportunities throughout the world as they develop.â
Tom Price, Executive Director, FEX, said: âOur decision to partner with RTS was an logical one given RTSâs global connectivity. RTS meets FEXâs stringent infrastructure support requirements in a professional and responsive manner. We look forward to a valuable partnership.â
RTS offers access through its Realtime Trading Desktop (RTD) portfolio, including its RTD-APIâs, the RTD front-end trading system, and RTD Tango, its high performance automated algorithmic trading solution.
Additionally, RTS will be providing direct market access to the new marketplace in its data centre and hosting facilities across the world.