Patsystems provides CFETS with front-end trading platform

Patsystems has entered into an agreement with the China Foreign Exchange Trade System (CFETS), a subsidiary of the Peoples Bank of China.

First Published by e-Forex News: January, 2007

Patsystems has entered into an agreement with the China Foreign Exchange Trade System (CFETS), a subsidiary of the Peoples Bank of China. Patsystems is to provide CFETS with its front-end trading platform comprising its J-Trader front-end and its order and risk management system to the membership of CFETS. It will also provide CFETS and its members with access to the CME FX futures and options contracts through the Patsystems CME Gateway.<br>
In addition to taking the front-end trading platform, CFETS will also take Patsystems advanced risk management solution, Risk Informer which will enable CFETS to monitor the risk across all of its members for all business submitted to the CME.