XConnect is Patsystemsâ new Application Service Provider (ASP) offering and is made up of ASP hubs in Tokyo, Hong Kong, Singapore and Sydney. Okachi currently uses Patsystems Tokyo hub for its front-end trading platforms; J-Trader and Pro-Mark, pre-trade risk management and connectivity to TOCOM. By signing onto Patsystems XConnect via the Hong Kong hub, Okachi will also gain access to HKEx, CME, CBOT, ICE Futures US and LME.
With Patsystemsâ XConnect, Okachi has an efficient and cost-effective means for facilitating cross-market business between Japan and Hong Kong. Okachi can take full advantage of Patsystemsâ advanced connectivity and Global Support Desk service while retaining complete control of their end-user profiles and risk parameters.
Barry White, Patsystems Regional Director of Asia Pacific, said:
âWe are proud to announce Okachi as our first Hong Kong hub customer. By utilising Patsystemsâ ASP hubs in both Hong Kong and Tokyo, Okachi can take advantage of the unique exchange connectivity options available through XConnect.â
Brian N. Yagasaki, Managing Director of Okachi Hong Kong, said:
âWith hubs in both Tokyo and Hong Kong, Patsystems XConnect is ideal for Okachi as we require a cross-market, low-latency solution to facilitate trades between Japan and Hong Kong. We look forward to working with Patsystems as we continue to build and strengthen our customer base in these markets.â