Microgen upgrades derivatives software

Source: Microgen

Microgen today announces that it has released the latest version of its derivatives software Microgen Cortex+ incorporating LMEminis, the small size monthly futures contracts shortly to be launched by the London Metal and Plastics Exchange.

"Microgen are pleased to confirm that the latest version of Microgen Cortex+, our derivatives trading product." said Elizabeth Sipiere, Managing Director-Banking. The inclusion of LMEminis in our Cortex+ software underlines Microgen's continued support of the Microgen Cortex product, and our commitment to this market" she concluded.

Microgen Cortex+ is the next generation of exchange traded derivatives software satisfying the evolution in the commodity trading arena. This 'real-time' web based solution supports multi asset, currency and company trading with on and off market back office functionality for commodities such as Oil, Precious and Base metals. Cortex+ offers greater control and management of exchange system and non proprietary feeds and has improved the input and processing speeds critical for fast trade entry.

The London Metal Exchange (LME) is to launch small-size, cash settled, monthly futures contracts, traded electronically and via the telephone market. Initially for copper, aluminium and zinc from 4 December 2006.

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