Electronic trading solutions provider Trayport has signed a five-year agreement to provide its GlobalVision exchange trading system to Romania’s Sibiu Monetary Financial and Commodities Exchange (SIBEX).
GlobalVision will replace SIBEX’s current trading system, which was developed in-house. SIBEX will implement interfaces between GlobalVision and its clearing and risk management systems.
Darius Cipariu, deputy managing director of SIBEX, said in a statement that the exchange chose GlobalVision for its flexibility and performance. “Through this, we will be able to facilitate business growth and expansion into new asset classes, while supporting our existing clients and markets,” he commented. “The constraints that we were facing with our existing platform will now be lifted.”