19 August 2017
visit www.avoka.com

Romania's Sibex live with Trayport exchange trading system

06 January 2010  |  7308 views  |  0 Source: Trayport Exchange Systems

Trayport Exchange Systems today announced that Sibiu Monetary Financial and Commodities Exchange (SIBEX) in Romania has gone live with Trayport's Exchange Trading System for the trading of single stock, interest rate, currency and gold futures and options.

Trayport's Exchange Trading System gives SIBEX a market leading exchange matching engine that fully supports the further development of its futures and options market in Romania. The new system will also allow brokers in Eastern Europe easy access to SIBEX to trade single stock, interest rate, currency and gold futures and options. SIBEX is also planning to launch Contract for Difference (CFD) market during 2010 using Trayport's Exchange Trading System.

"SIBEX chose to use Trayport's Exchange Trading System to support our requirement for a fast reliable system that can handle large trading volumes," said Darius Cipariu, Deputy Managing Director of SIBEX. "We had built our own platform and, although we kept upgrading, we found that as our exchange grew the system was becoming too limited. Trayport provides a platform that comfortably supports our requirement for 5000 or more trades per day and will also enable us to establish new markets very quickly. This is vital to SIBEX."

Since entering the agreement with Trayport, SIBEX has introduced its own web based front end trading platform and clearing system connecting to the Trayport Exchange Trading System using Trayport's Risk API.

"Our web based trading platform will enhance our trading capability," explained Darius Cipariu. "The fact this is backed by a reliable matching engine like Trayport's Exchange Trading System can only be a major benefit. It means that with over 40 brokerages as clients, each having up to 1000 retail clients, we are very well positioned to expand into new asset classes whilst continuing to support our existing clients".

"Trayport Exchange Systems is excited to be selected by SIBEX to provide the trading platform to support its continued expansion. The go-live of our exchange platform in Romania demonstrates the significance and growth of Eastern European exchange markets. The integration work that SIBEX has completed has been well designed and will allow it t to expand its business and market significantly into other asset classes including FX, indexed futures and CFDs," said Adrienne Muir, Head of Trayport Exchange Systems.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.dorsum.eudownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
8517 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7607 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
6768 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6294 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
6132 views comments | 11 tweets | 9 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job