SMX enhances trading using RTS low latency solutions

RTS to provide access to new trading platform for pan-Asian market on SMX starting 31 August.

RTS Realtime Systems Group (RTS), a leading global trading solutions provider, announced on Thursday that the firm will provide connectivity and low latency access to the Singapore Mercantile Exchange (SMX) from its first day of trading which will be on 31 August 2010.

The new pan-Asian commodity and currency derivatives exchange will launch using a state-of-the-art global futures and options trading platform for products which includes precious metals, base metals, agricultural commodities, energy, currencies and commodity indices, according to an RTS report.

Leveraging on its parent conglomerate Financial Technologies (India) Limited who has designed and provided the end to end technology solution, the Exchange provides API to enable global ISV integration and thus facilitating cross section of trading members, institutions amongst other financial market participants to trade on the Exchange.

Members also have the option to write their own APIs for connectivity. Financial Technologies (India) Limited’s highly robust and scalable trading technology gives SMX the agility and adaptability which ensures its edge in the financial markets.

RTS recently announced the global launch of a first-of-its-kind trading solution combining the advantages of “point-and-click” and algorithmic trading. Called RTD Tango Trader, it is designed to leverage firms’ existing infrastructure and enable more brokers, traders and clients to benefit from customized algorithms. The firm’s high performance solutions are used by leading financial firms to trade across asset classes on more than 120 exchanges globally, including a wide range of major Asian exchanges.

Alex Lamb, RTS Executive Board Member, said: “We are pleased to offer access from day one to this truly pan-Asian commodity and currency derivatives exchange for our clients in the region and across the world, particularly given the tremendous interest they’ve already expressed in the opportunity. The breadth of products will create new avenues for arbitrage and effective risk management.”

Thomas J. McMahon, Chief Executive Officer of SMX, said: “As we look forward to attracting new product listings from around the world and Asia, we are very pleased to welcome trading firms globally who use the advanced technology and infrastructure of RTS which brings in a number of important algorithmic traders to SMX. Our global trading venue is well positioned to serve as a gateway for commodities in Asia, synchronizing derivatives and physical trading in commodities within the Asian time zone."