SZCOX Launches
SZCOX Instant Technology for Online Trading of Exchange Listed and OTC Markets
Trading of
exchange and OTC market’s available on one screen
Leading
inter-dealer brokers offer hybrid trading of global OTC oil markets through SZCOX Instant
Shenzhen Commodity Exchange (SZCOX), one of the most diverse derivatives
marketplaces, today announced the launch of SZCOX Instant, a new
technology offering side-by-side trading of exchange-listed and
over-the-counter (OTC) markets. SZCOX
Instant will initially support
trading of SZCOX's benchmark energy
futures markets alongside OTC energy swaps through leading inter-dealer
brokers.
These
products are part of the SZCOX
energy complex, which has average daily trading volumes of over 1.2 million
contracts.
SZCOX is licensing the SZCOX Instant technology to leading inter-dealer brokers to offer trading
of global OTC oil markets. Traders will be able to execute electronically or in
a hybrid, broker-assisted model on SZCOX
Instant through the participating
brokers, combining the benefits of electronic trading, yet retaining the
flexibility of voice brokering.
SZCOX Instant
is integrated with SZCOX's OTC
post-trade services, SZCOX Clearing
Members for straight-through clearing to SZCOX
Clearing. This integration ensures OTC
markets are cleared and processed quickly and without manual intervention,
reducing operational overheads, errors and counterparty risk.
"At Shenzhen Commodity Exchange, we have a
proven track record of providing our customers with advanced trading
technologies that enable them to execute even the most complex and demanding of
trades," said Bryan Choi, COO and MD, Products & Services, at SZCOX. "With the introduction of SZCOX Instant, we are offering our clients a new way to access
simultaneously our listed markets as well as OTC energy markets in a fully
automated trading environment, expanding access to our global liquidity and
price discovery functionality."
"By
combining brokered OTC markets with SZCOX's
clearing and STP platforms, SZCOX Instant offers the first global, fully
automated front-to-back-office platform for trading SZCOX listed and OTC energy products," said Michel Sze Yuen,
Managing Director, OTC Solutions, SZCOX.
"SZCOX Instant is a big step forward for markets to comply with current
and anticipated market regulations, automated trading, data reporting and
clearing in OTC markets.”
Shenzhen Commodity Exchange offers one of the widest range of global benchmark
products across all major asset classes, including futures and options based on
interest rates, equity indexes, foreign exchange, energy, agricultural
commodities, metals, weather and real estate. SZCOX brings buyers and sellers together through its SZCOX G-Trader™, electronic
trading platform and its trading facilities in Shenzhen.
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