Patsystems Global Trading Core
The listed derivatives business within Macquarie Bank's Futures Division signed an agreement in November 2007 to to take Patsystems hosted Global Trading solution, starting in the first quarter 2008.
Patsystems will host the solution and deploy it to Macquarie Bank's offices and clients globally. This will be the first installation of Patsystems' new Global Trading core, which will give customers a global order book enabling more efficient management of trades and trade processing. The new Global Trading core will support non-stop trading; 24 hours per day, 6.5 days a week
The system offers low latency for faster throughput, simpler global infrastructure and total compatibility with Patsystems front-ends and risk management tools. Macquarie Bank will be taking both the J-Trader and Pro-Mark trading front-ends.