HKMEx selects Greenline solutions
The Hong Kong Mercantile Exchange (HKMEx) has selected FIX (Financial Information Exchange) solutions provided by Greenline Financial Technologies. The HKMEx will implement VeriFIX, an industry standard FIX testing tool, and CertiFIX, a web-based and automated certification system, from Greenline’s suite of FIX Protocol solutions.
“We are pleased to work with the HKMEx to provide FIX testing and certification solutions to help quickly and efficiently onboard both international and domestic commodities trading firms,” said Josh Tolman, president of Greenline, in a statement. “We are proud to provide the rapidly growing Asia-Pacific market with superior trading technology infrastructure.”
SMX will use trading platform from RTS
The Singapore Mercantile Exchange (SMX), which will begin its first day of trading on August 31, will use a global futures and options trading platform provided by RTS Realtime Systems Group (RTS).
“We are pleased to offer access from day one to this truly pan-Asian commodity and currency derivatives exchange for our clients in the region and across the world, particularly given the tremendous interest they’ve already expressed in the opportunity,” said Alex Lamb, executive board member at RTS, in a statement. “The breadth of products will create new avenues for arbitrage and effective risk management.”
The SMX will offer a comprehensive platform for trading futures and options contracts on precious metals, base metals, agricultural commodities, energy, currencies and commodity indices.
ING Australia implements DST’s HiPortfolio
ING Australia has finally chosen to implement DST Global Solutions’ fund accounting solution, HiPortfolio, to improve efficiency in cross-investment processing. ING Australia has used HiPortfolio indirectly through an outsourcing provider for eight years.
“We wanted to refine our business structure with the separation of our internal product-related operations from our investment-related activities,” said Geoff Allanson, head of financial operations of ING Australia’s corporate finance group, in a statement. “The goal was to improve the management of cross-investment processing whilst reducing existing levels of operational risk. HiPortfolio enabled us to manage that separation, internalise any existing or client-related infrastructure and outsource any investment-related facilities.”
¬ Haymarket Media Limited. All rights reserved.
