Jakarta Futures Exchange Uses Trayport and 3i Infotech for New Trading Tech
Trayport Exchange Systems and 3i Infotech have agreed terms with the Jakarta Futures Exchange in Indonesia for the deployment of a new trading, surveillance and risk management system with an integrated online broker workstation. This will be comprised of Trayport’s GlobalVision Exchange Trading System, 3i Infotech’s AWACS specialist risk management and surveillance solution and 3i Infotech’s Tradis Online broker workstation.
Trayport’s GlobalVision Exchange Trading System integrates seamlessly with 3i Infotech’s AWACS solution. This gives the Jakarta Futures Exchange, its members and associated clearers complete control over position and margin management, market exposure, trading limits and market entry. 3i Infotech’s AWACS system and its Tradis broker workstation will ensure that the exchange not only has access to one of the most sophisticated, automated, multi-segment fraud monitoring solutions on the market, but the link to Trayport’s platform means it has a system that can handle new exchange-traded instruments, as the regional market develops.
The initial phase of the project will start in April 2010.
“The Jakarta Futures Exchange is pleased to be working with Trayport Exchange Systems and 3i Infotech on establishing our new technology platform. Initially this will not only support Jakarta Futures Exchange trading in futures and gold contracts, but also enable us to introduce new markets including coffee and cocoa. The new platform combines risk management and surveillance with an exchange trading system that allows us to continue to be a world-class exchange offering market leading technology to our members. The experience that both Trayport and 3i Infotech have in commodities markets automation was a major factor in our procurement process and will assist our growth as a leading exchange,” said Lukas Lauw, head of trading and IT at Jakarta Futures Exchange.