More NewsPatsystems Signs Contract for TGE Continuous Market

Patsystems Signs Contract for TGE Continuous Market

A development contract has been signed between Patsystems and the Tokyo Grain Exchange (TGE) to provide the infrastructure for the first-ever continuous market for rice futures at the exchange. The TGE will use Patsystems’ exchange systems technology as the platform to integrate its existing session-style trading with continuous trading. This solution includes Patsystems’ J-Trader front-end, an order management system and a matching engine. The details are subject to a confidentiality agreement; however, the contract is expected to generate revenues of approximately £4m over the next five years, including a substantial element of sourced hardware at a very small margin, and ongoing licence revenue for the use of J-Trader, based on the number of users. The licence revenue is likely to start at the end of 2005/beginning of 2006.

Comments are closed.

Subscribe to get your daily business insights

Whitepapers & Resources

2021 Transaction Banking Services Survey
Banking

2021 Transaction Banking Services Survey

2y
CGI Transaction Banking Survey 2020

CGI Transaction Banking Survey 2020

4y
TIS Sanction Screening Survey Report
Payments

TIS Sanction Screening Survey Report

5y
Enhancing your strategic position: Digitalization in Treasury
Payments

Enhancing your strategic position: Digitalization in Treasury

5y
Netting: An Immersive Guide to Global Reconciliation

Netting: An Immersive Guide to Global Reconciliation

5y