Trading systems and connectivity provider Orc Software has introduced a new direct market access service to pan-Asian multi-product commodity and currency derivatives platform the Singapore Mercantile Exchange (SMX), which opened for trading on 31 August 2010.
The move supports the ongoing rollout of the venue, whose first phase of product launches includes two crude oil benchmarks, Brent Crude priced in Euros and West Texas Intermediate Crude Oil, its maiden currency pair, Euro-US$ currency futures, and the first gold futures contract in Singapore to be settled via physical delivery.
“The successful launch of SMX will provide market players in Asia the flexibility for unrestricted cross-border trading in futures, options and other derivatives across multiple asset classes,” commented Thomas J. McMahon, chief executive officer of SMX.
Orc Software has supplied connectivity to the Australian Securities Exchange since June 2010. The firm also provides access to more than 100 liquidity pools globally via membership or non-membership through its Orc Connect and Orc Trading services.