Patsystems is pleased to announce that it now offers connectivity to the Singapore Commodity Exchange (SICOM).
Patsystems will provide direct, low-latency access to SICOM, allowing its customers to participate in the SICOM rubber market. SICOM currently offers two rubber contracts, Ribbed Smoked Sheet 3 (RSS3) Rubber and Technically Specified Rubber 20 (TSR20).
SICOM RSS3 and TSR20 futures contracts can now be traded on Patsystems' industry leading front-ends, J-Trader and Pro-Mark. Customers who utilize Patsystems' proprietary and FIX API will also be able to access these contracts.
Barry White, Regional Director Asia Pacific, Patsystems, said: "This latest exchange development adds further opportunities for our customers, especially among our client base in Asia. Clients of Patsystems, such as Phillip Futures can now offer connectivity to SICOM, allowing a natural synergy for end users wishing to trade SICOM products along with other correlated markets.
Teyu Che Chern, CEO of Phillip Futures Pte Ltd, said: "Phillip Futures is proud to be the pioneer broker in Singapore to bring SICOM products onto the electronic trading scene. We believe that this is a long anticipated product for rubber trading and hedging community in the region. With the latest addition of SICOM, we now have 20 global exchanges' products on our platform available for our clients."
Jeremy Ang, CEO, SICOM, added: "We welcome Patsystems' connection into SICOM. Patsystems offers its users direct and efficient access into SICOM's rubber market. This allows them another choice of commodity market as commodity continues to an important asset class in the foreseeable future. Our rubber contracts are now accessible by a wider pool of participants. In time to come, more of SICOM's contracts, such as the to-be-launched Deferred Settlement Gold and Robusta Coffee contracts, will also be readily accessible to Patsystems users."