Phillip Futures and Patsystems are pleased to announce that Phillip Futures has taken a full installation of the Patsystems infrastructure in Kuala Lumpur.
This brings the number of Patsystems' installations at Phillip Futures to a total of three, with existing installations in Singapore and Hong Kong.
Phillip Futures will use the installation to support the newly established Phillip Futures Sdn. Bhd., a member of the Bursa Malaysia. The installation will enable the electronic trading of the full range of global index, energy, metal, commodity, and currency futures. Malaysian flagship products like the Kuala Lumpur Composite Index (KLCI) and Crude Palm Oil futures will also be available soon - using Phillip Futures' advanced electronic trading front-end.
Michael Lee, Executive Director of Phillip Futures Sdn. Bhd., said: 'Phillip Futures is proud to be the pioneer futures broker in Malaysia to offer electronic trading on global futures contracts to Malaysian investors. With our experience and wealth of market knowledge and the support of Patsystems technology, we believe that we are best equipped to meet the trading needs of our clients.'
Barry White, Regional Director of Asia Pacific, Patsystems, said: 'Patsystems is extremely excited about Phillip Futures' expansion into Kuala Lumpur with this being Patsystems' first Order Management System (OMS) in Malaysia. This is a significant milestone for Patsystems and demonstrates our drive and commitment in key countries such as Malaysia where we see great growth potential for our customers. We are currently involved in a number of new development projects in Asia Pacific and this installation with Phillip Futures is another example of our dedication to the region.'