Read time: 1 min

Tech Corner

A round up of the latest technology news…

The Singapore Exchange has selected Corvil’s latency management service to monitor and assure the latency of SGX’s trading system, Reach. The Corvil service will also be deployed within the exchange’s co-location infrastructure to manage latency between SGX members and the Reach trading platform.

Merchant House Group, an AIM- listed financial services group, has entered into an agreement, beginning with the UK, to distribute and promote Optionfire, an Australian-regulated binary options trading platform.

To effect this agreement, Purple Zone Operations, a newly incorporated UK company, has been established to introduce investors to the Optionfire platform. Merchant House Group has agreed that Purple Zone will become its appointed representative to distribute and promote the platform. Richard Barham, presently an authorised person with Merchant House, will become head of binary operations at Purple Zone. Merchant House says it will provide the regulatory framework to bring Optionfire into the UK and Europe.

Lloyds Bank Corporate Markets has begun clearing its interest rate swaps business through SwapClear, LCH.Clearnet’s IRS clearing service. The total number of SwapClear clearing members now stands at 50.

Multinational oil company, The Rompetrol Group, has chosen SDX from SuperDerivatives to improve its ability to hedge fluctuations in oil reserve prices and manage cross-border currency risk. “As one of the largest oil companies in the Romanian market, The Rompetrol Group has to manage its exposure to both petroleum and currency movements,” says Ionel Popescu, risk director within The Rompetrol Group.? 

In other news, SuperDerivatives’ SDX has been selected by Scandia Food, a Romanian food production company, to manage its exposure to interest rates. ?

Profit & Loss

Share This

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit

Related Posts in