SGCEX Offers New Trading Service for Spread Orders
Online, September 4, 2011 (Newswire.com) - SGCEX is exclusively offering a new trading service called market routing for spread orders, which will support strategies, both for options and futures that are traded across global marketplaces. The new trading service is set to be introduced to current and prospective member firms worldwide early next year with the idea of providing quality and easy-to use service in futures and options spread orders. The multi-phased initiative is designed to upgrade the infrastructure across our trading enterprise, providing decreased latency, increased throughput capability and enhanced performance.
For decades in the history of futures and options trading, the simultaneous buying one instrument and selling another or simply called spread trading has been popular worldwide and had been known as part of the development in algorithmic trading.
SGCEX` market routing system deals with the major and natural risks to spread trading which is considered as one leg of the unfilled multifaceted orders. This new service is able to support spread trading through futures, options contracts, exchange traded funds and other types of derivatives.
"This new trading service helps to carry out the risk of any incompletely accomplished spread orders," explained Wu Guo Jintao, the Chairman of the SGCEX.
As for affordability, the SGCEX offers to its member firms competitive fees for spread orders as it does in simple trades.
The new innovation for spread orders is considered as the most-up-to-date in a set of active routing solutions that provide aid to trading firms in order to achieve the most excellent execution in options, ETFs and futures in the entire marketplaces and exchanges around the world.
Both current and potential member firms can easily trade products globally using a single virtual screen and a single account and with deposits using single currencies. The currency conversion is performed just above inter-bank rates and all transactions will be merged in a single statement.
"Clients are now experiencing record low latencies. And as work progresses on the remaining phases, latency is expected to be reduced even further. These ongoing investments in our trading technology demonstrate our organization`s steadfast commitment to delivering leading-edge technology to our trading clients," said Frederic Dupont, Head of Trading. "We offer clients the best trading environment in the country, with market-leading latency, the deepest liquidity and the richest functionality."