Derivatives trading technology provider Patsystems is offering connectivity to the South African Futures Exchange (SAFEX) in partnership with securities trading and brokerage firm Applied Derivatives.
As a result, Patsystems clients – the first being Australian-based broker Macquarie Bank – will have the ability to trade all SAFEX equity derivatives products.
Clients will have the option of using either of Patsystems’ front-end systems – J-Trader or Pro-Mark – to trade on SAFEX.
“As the South African financial markets become more globalised, our customers have experienced increased demand for SAFEX equity derivatives products, particularly from a hedging perspective,” said Graeme Neilly, director of global account management, Patsystems, in a statement. “As a leading provider of market connectivity, Patsystems strives to provide our customers with extensive market access, which ultimately gives our customers a competitive advantage.”
SAFEX is a wholly-owned subsidiary of the Johannesburg Stock Exchange (JSE).