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.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

4m The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

7m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

8m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

8m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

8m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

9m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

9m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

9m Tasja Botha