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Macquarie Bank announces new Direct Market Access (DMA) initiative, signs contract for Patsystems hosted Global Trading solution |
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13 November 2007 As part of its continued international growth, the listed derivatives business within Macquarie Bank’s Futures Division is increasing the scope of its DMA offering to clients and has signed an agreement to take Patsystems hosted Global Trading solution from the first quarter 2008. The new Global Trading solution will be hosted by Patsystems and deployed to Macquarie Bank offices and clients globally. This will be the first installation of Patsystems’ new Global Trading core, an advanced solution that will provide customers with a global order book enabling more efficient management of trades and trade processing. In addition, the new Global Trading core will support non-stop trading; 24 hours per day, 6.5 days a week. The system offers low latency for faster throughput, simpler global infrastructure and total compatibility with Patsystems front-ends and risk management tools. Macquarie Bank will be taking both the J-Trader and Pro-Mark trading front-ends. Mr Bill Marynissen, Global Head of the Future Division , said "Macquarie is pleased to announce the implementation of Patsystem’s infastructure as part of our global trading technology. The Global Trading core, in particular, matches the worldwide, 24-hour structure of our Futures business. Macquarie's continued growth in London made it the natural point of commencement for the roll out, and complements our existing and growing voice broking, electronic and clearing capabilities. Trading capabilities in the US, Australia and Asia will be established in the short term after implementation in London.” Mr David Webber, CEO of Patsystems, said, "We are delighted to be providing Macquarie Bank with our new Global Trading solution. The selection of Patsystems as the Independent Software Vendor of choice by Macquarie is a testament to the strength of our technology offering, the extent of our market connectivity and the capability of our risk systems.” About the Macquarie Group Macquarie’s strategy is to expand selectively and enter markets only where its particular skills and expertise deliver real value to clients. This approach provides the strategic flexibility to enter new sectors and regions as opportunities arise and to respond to the specialist requirements of individual markets. As a result, Macquarie has established leading positions in a diverse range of markets. In Australia and New Zealand, Macquarie is a market leader in investment and financial services. In Asia, Macquarie offers a full range of investment, financial market and advisory products and services, and in Europe, the Middle East, Africa and the Americas, Macquarie focuses on particular business areas in which its expertise delivers value to clients. Macquarie has grown substantially since its beginnings in Australia in 1969 - and more recently has reported successive years of record profits and growth since 1992. Macquarie now employs more than 11,000 people in 25 countries. About Patsystems 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). For more information visit www.patsystems.com For further information, please contact: Alison Jefferis, Corporate Communication David Webber Jessica Williams |
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| Important Information
© 2002-2007 Macquarie Group |
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Other than Macquarie Bank Limited ABN 46 008 583 542 (MBL), any Macquarie Group entity noted on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). That entity's obligations do not represent deposits or other liabilities of MBL. MBL does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise. |
