19 October 2017
visit www.avoka.com

Patsystems inks software license agreement with Korean-based Blashnet

21 October 2009  |  1750 views  |  0 Source: Patsystems

Patsystems is pleased to announce that it has signed a software license agreement with Korean-based Blashnet.

This partnership marks a significant milestone for Patsystems as Blashnet will serve as Patsystems' localised hub in Korea, allowing for both inbound and outbound trading.

Utilising its Patsystems infrastructure, Blashnet will have localised connectivity to the CME Group and the Korean Exchange (KRX.) Clients of Patsystems will be able to connect into Korea through the Blashnet hub using Patsystems' unique X-link network. X-link allows customers of Patsystems to leverage one another's exchange memberships, in order to achieve maximum exchange connectivity in an efficient and reliable manner. All customers who utilise the Blashnet hub for connectivity to the KRX will still be required to establish a clearing relationship with a local KRX clearing member.

Patsystems will also provide Blashnet with its industry-leading front-end trading platforms, Pro-Mark and J-Trader. This advanced trading capability will be monitored by Patsystems' proven pre-trade risk management technology.

Barry White, Regional Director, Asia Pacific, said: "This latest partnership agreement with Blashnet Securities signifies our dedication and commitment to providing solutions throughout the Asia-Pacific region. The Korean installation is a significant milestone for Patsystems, with the new state of the art solution facilitating the needs of new and existing customers wishing to access the KOSPI 200 futures and options on the KRX, CME Group® and EUREX with low latency execution. We look forward to a great relationship in growing our business together."

Jim Choi, CEO, Blashnet, said: "We are pleased to be partnering with a strong, well-established provider like Patsystems for our market access and trading solutions. The ease of distribution of Patsystems' J-Trader platform makes it the ideal trading platform for our customers. We look forward to a successful partnership with Patsystems."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comvisit www.vasco.comRegister now

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15691 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8861 views comments | 16 tweets | 22 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7963 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7082 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6213 views comments | 6 tweets | 3 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job