24 February 2018
visit www.nextgenbanking.co.uk/

Romania's Sibex live with Trayport exchange trading system

06 January 2010  |  7366 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 https://www.capgemini.comRegister for the webinarVisit www.vasco.com

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
11782 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10322 views 3 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
8559 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8086 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
7766 views comments | 10 tweets | 14 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job