Patsystems X-link

From MarketsWiki

This page is not complete!

Do you have knowledge to contribute on this or other subjects? Help the wiki grow -- add what you know.

X-link is a software product offered by the ISV Patsystems Plc that allows customers to trade on remote exchanges without becoming a member. It is not a fixed network; rather it bridges separate Patsystems trading domains and systems, for example letting a customer trade on a Chicago system and a London system at the same time.

All a customer needs is to have an account with an FCM or the bank at a remote exchange in order to "cross link" to the exchange through them. For example, if a trader has an account with Calyon but can only access IDEM through Borse Italiana, Calyon and Borse Italiana can work out an agreement so the trader need not switch his or her account.

The software runs on a local server and routes orders from the originating company to the receiving company. It can run across a LAN, WAN, leased line or the internet. It offers pre-trade risk management, speed of access and straight-through processing.

References