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March 16, 2009

Phillip Futures takes Patsystems installation in Kuala Lumpur

The installation enables the electronic trading of global index, energy, metal, commodity, and currency futures

By CBR Staff Writer

Phillip Futures, an alliance of independent companies in and outside Singapore, has taken a full installation of the Patsystems infrastructure in Kuala Lumpur.

According to Patsystems, Phillip Futures will use the installation to support the newly established Phillip Futures Sdn, a member of the Bursa Malaysia. The installation will enable the electronic trading of the full range of global index, energy, metal, commodity, and currency futures.

Michael Lee, executive director of Phillip Futures Sdn, said: Phillip Futures is proud to be the pioneer futures broker in Malaysia to offer electronic trading on global futures contracts to Malaysian investors. With our experience and wealth of market knowledge and the support of Patsystems technology, we believe that we are best equipped to meet the trading needs of our clients.

Barry White, regional director of Asia Pacific at Patsystems, said: Patsystems is extremely excited about Phillip Futures’s expansion into Kuala Lumpur with this being Patsystems’s first order management system in Malaysia. We are currently involved in a number of new development projects in Asia Pacific and this installation with Phillip Futures is another example of our dedication to the region.

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