TraderTools' exporting engine enables financial institutions to perform Straight-Through Processing (STP) of post-trade executions to back-office systems.
TraderTools LLC (TraderTools), one of the world's leading suppliers of electronic Foreign Exchange (eFX) white-label, software solutions, announced today that Man Financial, Singapore (MFS) has licensed TraderTools' exporting engine, ExportTools. MFS intends to use ExportTools to automate the flow of post-trade executions into its back-office system. MFS has also recently begun an eFX web service, based on TraderTools' white-label STPlatform(TM), available to a select group of customers.
"Man Financial has worked with TraderTools for more than a decade," remarked Tarun Kumar Tandon, Senior Vice President and Head of FX and Bullion Trading at Man Financial, Singapore. "We expect ExportTools' STP functionality to help kick-start our new web service in Singapore in order to help expand our customer base and revenues."
Ronen Avidor, Senior Account Manager of TraderTools, added, "We've enjoyed excellent relationships with Man Financial in both New York and London. This new license in Singapore validates the quality of our technology, service and support."
About Man Financial, Singapore
Man Financial, Singapore (MFS) is a corporate derivatives clearing member of the Singapore Exchange, SGX, formerly known as SIMEX and also an approved securities broker/dealer.
Since its inception in 1996 through Man's acquisition of the Singapore futures brokerage arm of Standard Chartered Bank, MFS has grown significantly and it is consistently ranked among the leading derivatives clearing members of the SGX.
MFS offers both execution and settlement services on all major futures/options exchanges around the world and certain securities exchanges in the region as well as access to over-the-counter markets in foreign exchange, precious metals and equity derivatives including Contracts for Difference (CFD). Its clientele includes financial institutions, corporations, asset managers, professional traders and private individuals.
With representation in Japan and Taiwan, MFS is positioned to participate in the growing opportunities in North-East, as well as, South-East Asia.
Man Financial, Singapore is part of the brokerage division of Man Group plc. Man Group plc is a leading global provider of alternative investment products as well as one of the world's largest futures brokers.
About TraderTools
TraderTools(TM) LLC (TraderTools) is one of the world's leading suppliers of electronic Foreign Exchange (eFX) white-label, software solutions. The Company's STPlatform(TM) enables the streaming of executable rates from multiple sources, enabling virtually any bank, broker or financial institution to become an electronic liquidity provider. An open system, it provides Straight-Through Processing (STP) and Application Programming Interfaces (APIs) for rates, orders, deals and more.
STPlatform's OrderTools(TM) component represents the only FX order management solution combining:
-- APIs, for full integration with an institution's existing technology
infrastructure
-- AutoFill(TM), for automatic order execution without human intervention
-- Data mining capabilities, for analysis of customer/market behavior and
trends
-- Flexibility passing the book and routing orders from clients in
multiple centers
For more details please visit www.tradertools.com.
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