RNS Number : 5893T
Patsystems PLC
09 June 2009
DATE: Immediate Release: 9 June 2009
CONTACTS: Barry White
Regional Director Asia Pacific, Patsystems plc +65 6216 0459
Katherine Bradford
Head of Marketing, Patsystems plc +1 312 542 1313
Mizuho Securities Expands Patsystems Offerings with
Singapore Installation
Singapore: 9 June 2009 -Patsystems is pleased to announce that Mizuho Securities has added a full installation of the Patsystems infrastructure in Singapore. Mizuho Securities (Singapore) Pte Ltd will offer localized access to CME Group, Eurex, LIFFE, SGX and other major markets via its Singapore hub.
Like Mizuho Securities, which currently operates a full Patsystems infrastructure in Tokyo, Mizuho Securities (Singapore) will offer its customers a choice of Patsystems industry-leading front-ends,
J-Trader and Pro-Mark. Both front-ends will be managed by Patsystems pre-trade risk administration module.
Hitoshi Shimoyama, CEO, Mizuho Securities (Singapore) Pte. Ltd., said:
'Thanks to Patsystems, we are delighted to provide one of the fastest execution services to our clientele based in Asia. Our clientele will be connected to our ultra low latency infrastructure, then directly connected to major exchanges abroad via our Singapore hub. This will specially meet requirements from high frequency traders, prop traders or other securities houses.'
Barry White, Regional Director of Asia Pacific, Patsystems, said:
'The Mizuho Securities' Singapore installation provides us with a great opportunity to further expand Mizuho's customer base in Southeast Asia. Mizuho's regional-based customers will enjoy direct, low-latency access via the Singapore Gateway Hub and Patsystems' X-links technology, creating a very attractive offering for customers who rely on speed to market.'
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About Mizuho Securities (Singapore) Pte. Ltd.
Mizuho Securities (Singapore) (MHSS) was created in 1985 as 100% subsidiary of Mizuho's US arm, specialized in Futures business, awarded in 2002 by SGX as No 5th for customer volume. MHSS now provides to its Hong Kong, Japanese, Singapore, Taiwan and other Asian clients both execution and clearing services for major foreign exchange.
In November 2008, MHSS became a wholly owned subsidiary of Mizuho Securities Ltd. , to provide to our Asian clients a full range of securities products out of Singapore, including Japanese equities, Funds and in the near future Fixed Income products and Asian Equities.
About Patsystems
Patsystems delivers tailored solutions, built from modular components, to enhance derivatives trading performance and trade processing. We work in partnership with our customers to deliver robust systems that align with their business strategies. Our solutions can range from a plug-and-play module to address a specific issue, to complete high-performance trading systems with global market access. Patsystems operates from a global network of offices covering all major derivatives trading centres. Our shares are traded on the London Stock Exchange's Alternative Investment Market (AIM). www.patsystems.com
This information is provided by RNS
The company news service from the London Stock Exchange
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