Orient Futures Singapore launches OrientFX trading platform powered by FlexTrade
Orient Futures International (Singapore) Pte. Ltd. has announced a new partnership with FlexTrade Systems.
Orient Futures Singapore is a Singapore-based financial institution licensed by the Monetary Authority of Singapore (MAS), serving largely professional trading firms and retail customers trading into exchange-traded derivatives, OTC derivatives and leveraged foreign exchange (FX).
This partnership includes the launch of Singapore’s SG1 matching engine and an institutional trading platform tailored to meet the advanced requirements of professional FX traders. The parties stated that this launch is yet another pioneering initiative of Orient Futures Singapore, signifying its aspiration to be “the Broker of the Future” and a highly committed local participant in the third largest FX hub in the world.
The trading platform, OrientFX, is powered by FlexTrade, a leading provider of high-performance technology and deep pools of liquidity. The platform is a dedicated and customisable end-to-end solution covering all products including FX Spot, Forwards and NDFs, offering a robust trading experience supported by a low-latency network. With OrientFX, institutional clients can now execute their trades through a fully customisable user interface whether on Java-based GUI, HTML5 GUI, Native Mobile app or FIX API Protocols. Clients can also access a wide range of features including advanced order types, algorithmic trading, full market-depth view with a suite of adjustable parameters.
Mr Marcus Goi, Chief Executive Officer of Orient Futures Singapore shares,
“Our commitment to our clients has always been focused on leveraging innovative financial technologies to provide a premium trading experience at competitive costs. With the advent of next generation technology, clients are becoming savvier and continually seeking trading systems with sophisticated capabilities in a well-connected ecosystem.
This launch ushers in a new era in reduced roundtrip latency for clients in Singapore and across almost all of Asia Pacific compared to previous connections via Tokyo or trading engines outside of the region. FlexTrade’s technology delivers a substantial edge in areas such as liquidity customisation and connectivity between market makers and price takers. Our clients can expect to benefit from deeper liquidity, enhanced trading execution, and significant cost-savings through low-latency solutions; while we continuously strive to enhance our product offerings and trading ecosystem.
With Singapore being the third largest financial centre in FX trading, Orient Futures Singapore is well-positioned to provide a highly efficient price discovery venue for pricing and matching of trades.”
Vinay Trivedi, Senior Vice President – Strategic Initiatives & Head of FX Sales, APAC at FlexTrade Systems, added:
“We are pleased that Orient Futures Singapore has chosen us as their technology partner to align with the MAS vision by rolling out the ‘MaxxTrader’ White Label solution, OrientFX, in SG1. MaxxTrader offers an end-to-end solution with a strong long standing presence in SG1 with connectivity to the Banks, Non-banks and ECNs. Orient Futures Singapore will leverage our cutting-edge technology to offer customized and low latency liquidity access to clients in Singapore and the rest of Asia Pacific.”
Orient Futures International (Singapore) Pte. Ltd. is a direct wholly owned subsidiary of Shanghai Orient Futures Co., Ltd. and an indirect wholly owned subsidiary of Orient Securities Co., Ltd. which is listed on both the Shanghai Stock Exchange and the Hong Kong Stock Exchange. Collectively, the Group offers a one-stop global brokerage solution to clients seeking international access to global markets and the Chinese markets. Orient Futures Singapore offers a suite of capital market products including Exchange Traded Derivatives, OTC Derivatives and Leveraged Foreign Exchange.