MEDIA RELEASE PR37771
Trayport(R) Exchange Systems Goes Live with SIBEX
LONDON, Jan. 7 /PRNewswire-AsiaNet/ --
Trayport Exchange Systems today announced that Sibiu Monetary Financial and
Commodities Exchange (SIBEX) in Romania has gone live with Trayport's Exchange
Trading System for the trading of single stock, interest rate, currency and gold
futures and options.
Trayport's Exchange Trading System gives SIBEX a market leading exchange matching
engine that fully supports the further development of its futures and options market
in Romania. The new system will also allow brokers in Eastern Europe easy access to
SIBEX to trade single stock, interest rate, currency and gold futures and options.
SIBEX is also planning to launch Contract for Difference (CFD) market during 2010
using Trayport's Exchange Trading System.
"SIBEX chose to use Trayport's Exchange Trading System to support our requirement
for a fast reliable system that can handle large trading volumes," said Darius
Cipariu, Deputy Managing Director of SIBEX. "We had built our own platform and,
although we kept upgrading, we found that as our exchange grew the system was
becoming too limited. Trayport provides a platform that comfortably supports our
requirement for 5000 or more trades per day and will also enable us to establish new
markets very quickly. This is vital to SIBEX."
Since entering the agreement with Trayport, SIBEX has introduced its own web
based front end trading platform and clearing system connecting to the Trayport
Exchange Trading System using Trayport's Risk API.
"Our web based trading platform will enhance our trading capability," explained
Darius Cipariu. "The fact this is backed by a reliable matching engine like
Trayport's Exchange Trading System can only be a major benefit. It means that with
over 40 brokerages as clients, each having up to 1000 retail clients, we are very
well positioned to expand into new asset classes whilst continuing to support our
existing clients."
"Trayport Exchange Systems is excited to be selected by SIBEX to provide the
trading platform to support its continued expansion. The go-live of our exchange
platform in Romania demonstrates the significance and growth of Eastern European
exchange markets. The integration work that SIBEX has completed has been well
designed and will allow it to expand its business and market significantly into other
asset classes including FX, indexed futures and CFDs," said Adrienne Muir, Head of
Trayport Exchange Systems.
SOURCE: Trayport
CONTACT: Marcel Kay,
Trayport,
+44-(0)207-960-5500,
marcel.kay@trayport.com
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