18 July 2018
Visit www.avoka.com

Jakarta Futures Exchange agrees terms with Trayport and 3i Infotech

22 March 2010  |  3174 views  |  0 Source: Trayport

Trayport® Exchange Systems and 3i Infotech today announced they have agreed terms with the Jakarta Futures Exchange in Indonesia for the deployment of a new trading, surveillance and risk management system with an integrated online broker workstation. This will comprise Trayport's GlobalVision Exchange Trading System(SM), 3i Infotech's AWACS specialist risk management and surveillance solution and 3i Infotech's Tradis Online broker workstation.

With exchanges like the Jakarta Futures Exchange set to be key catalysts for global economic recovery, and as future destinations for new and overseas listings, there is a market need to ensure that these venues are secure, transparent, and able to prevent instances of manipulation.

Trayport's GlobalVision Exchange Trading System(SM) integrates seamlessly with 3i Infotech's AWACS solution. This gives the Jakarta Futures Exchange, its members and associated clearers complete control over position and margin management, market exposure, trading limits and market entry. 3i Infotech's AWACS system and its Tradis broker workstation will ensure that the exchange not only has access to one of the most sophisticated, automated, multi-segment fraud monitoring solutions on the market, but the link to Trayport's platform means it has a system that can handle new exchange-traded instruments, as the regional market develops.

The initial phase of the project will start in April 2010.

"The Jakarta Futures Exchange is pleased to be working with Trayport Exchange Systems and 3i Infotech on establishing our new technology platform. Initially this will not only support Jakarta Futures Exchange trading in Olein (palm oil) futures and Gold contracts but also enable us to introduce new markets including Coffee and Cocoa. The new platform combines risk management and surveillance with an exchange trading system that allows us to continue to be a world class exchange offering market leading technology to our members. The experience that both Trayport and 3i Infotech have in commodities markets automation was a major factor in our procurement process and will assist our growth as a leading exchange," said Lukas Lauw, Head of Trading and IT at Jakarta Futures Exchange.

With the exchange in Jakarta playing a crucial role in global trading volumes, the implementation of advanced trading systems from Trayport and 3i Infotech, will ensure it has what it needs to meet the demands of a rapidly expanding market place, and gain the confidence of new investors. These solutions have the additional advantage of being able to scale up, as the market grows.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit info.nice.comVisit http://go.jumio.com/finextraAdVisit https://secure.vasco.com

Top topics

Most viewed Most shared
Metro Bank opens developer portalMetro Bank opens developer portal
9518 views comments | 5 tweets | 14 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
8910 views comments | 6 tweets | 14 linkedin
Citi to streamline corporate receivables with HighRadiusCiti to streamline corporate receivables w...
7851 views comments | 1 tweets | 5 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
7790 views 19 comments | 14 tweets | 29 linkedin
Banks stand to reap $512 billion revenue boost from 'intelligent automation'Banks stand to reap $512 billion revenue b...
7661 views comments | 21 tweets | 30 linkedin

Featured job

to GBP £90K base, double OTE (estimate)
London, UK or Europe

Find your next job