Patsystems signs Standard Bank in Hong Kong

Source: Patsystems

Patsystems (LSE:PTS) is pleased to announce Standard Bank as its newest customer in Hong Kong.

Standard Bank is now live with a full installation of Patsystems' trading solution, which includes market connectivity, pre-trade risk management and the use of Patsystems' front-end trading platforms, J-Trader and Pro-Mark. Standard Bank will use a white labelled version of Patsystems J-Trader, which will be known as MetalsWeb e-Trader, to support its base metals business in Asia Pacific and worldwide with a direct, low-latency connection to the London Metals Exchange (LME).

Using MetalsWeb e-Trader, customers of Standard Bank can trade LME products, such as aluminium, copper, nickel, tin, and zinc, directly on the LME during Asia time. The platform provides traders with an intuitive and flexible trading screen. Key functionality includes access to multiple markets and instruments from one screen, real-time profit and loss, multi-exchange spreading and one-click scalping, protection of orders and integrated charting. More advanced front-end functionality is available through Patsystems Pro-Mark, which offers strategy creation functionality, Excel integration, sophisticated multi-exchange, multi-leg spreading and advanced order types such as Icebergs and Ghost orders.

Barry White, Regional Director Asia Pacific, Patsystems, said: "Patsystems is pleased to provide Standard Bank with a flexible solution to support further growth of their leading base metals business. We look forward to a long and successful partnership with Standard Bank."

Victor Yu, Vice Chairman of Commodities, Asia, Standard Bank, said: "Standard Bank has been a leading player in the base metal market in Asia for over 10 years now. Trading technology is an increasingly important tool in this market where Standard Bank provides a global 24 hour base metal service. We are very pleased to be adding further value to our base metal customers in this area during the Asia time zone."

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