Patsystems Matching Engine

The Patsystems Matching Engine (PME) is an integral part of Patsystems' trading platform.

A matching, clearing and settlement system, the PME was acquired from Exchange Network Systems in 2000 and is currently used by six exchanges: Tokyo Grain Exchange, Chubu Commodity Exchange, Kansai Commodities Exchange, Kanmon Commodity Exchange, the Agricultural Futures Exchange of Thailand (AFET), and National Commodity Exchange Limited (NCEL) in Pakistan.

These markets transacted 60 million contracts in 2001, making Patsystems the seventh largest derivatives exchange in the world.

The engine allows Patsystems' clients to provide their own clients with proprietary marketplaces in products such as commodities and foreign exchange. This enables brokers and clearers to combine proprietary markets with regulated markets, creating products that are client-specific. This is particularly valuable in eastern Europe and the Asia-Pacific region, where there is great demand for foreign exchange instruments.

Performance

• Continuous trading and auction trading
• Real-time price dissemination, order matching and trading
• Open interfaces to back office, risk management and quote vendor systems
• Fully integrated with Patsystems' architecture
• A total solution for matching, client and risk management, and web trading
• Runs on Windows NT/2000/XP
• Easy and cost effective to support
• Handles hundreds of orders per second, and can scale to thousands of orders