Patsystems is pleased to announce that it has further extended its global reach by providing connectivity to the South African Futures Exchange (SAFEX), a fully owned subsidiary of the Johannesburg Stock Exchange (JSE).
Patsystems will provide access to SAFEX in partnership with Applied Derivatives. Through this partnership, customers of Patsystems will have access to all SAFEX equity derivatives products. Macquarie Bank Limited will be Patsystems' first customer to offer this market.
Customers of Macquarie will be able to trade SAFEX products using a choice of Patsystems' industry leading front-ends, J-Trader and Pro-Mark.
Graeme Neilly, Director of Global Account Management, Patsystems, said: "As the South African financial markets become more globalized, our customers have experienced increased demand for SAFEX equity derivatives products, particularly from a hedging perspective. As a leading provider of market connectivity, Patsystems strives to provide our customers with extensive market access, which ultimately gives our customers a competitive advantage."