Thailand Futures Exchange PCL (TFEX), which uses Cinnober’s well-proven TRADExpress Trading System, has been awarded the “Best Technology Innovation by an exchange” for outstanding trading system innovation, at the 2015 Futures and Options World (FOW) Awards for Asia. The award ceremony recently took place in Singapore.
In a statement, TFEX Managing Director Rinjai Chakornpipat said that since 2014, TFEX has implemented a new derivatives trading platform with state-of-the-art technology from Cinnober to enhance their market and deliver better value to their stakeholders.
The initial purpose of the replacement project, including the full implementation of the multiasset TRADExpress Trading System, was to create an infrastructure capable of boosting the efficiency and vitality of the Thai capital market and support its long-term growth. The platform has allowed the Thai bourse low latency execution and best-practice functionality, while providing a shorter time-to-market for the introduction of new products and supporting growing business volumes.
“Our warmest congratulations to the TFEX team for receiving this prestigious award,” says Cinnober’s CEO, Veronica Augustsson. “As their technology partner, we are extremely pleased and proud with the progress TFEX and SET have made. It has been a pleasure to work with them over the years and to contribute to their impressive success.”
TFEX is a subsidiary of the Stock Exchange of Thailand (SET) and is licensed to operate as derivatives exchange in Thailand. TFEX offers broadest span of derivative products and its key products include SET50 Futures, Single Stock futures and Gold Futures. In addition, after the completion of merger with Agriculture Futures Exchange of Thailand, TFEX will start offering agricultural futures, starting with RSS3 Futures.
Cinnober is a world-leading and independent supplier of financial technology to marketplaces and clearinghouses. Customers include major exchanges with extreme demands on reliability and performance, such as the Australian Securities Exchange, BM&FBOVESPA, Deutsche Börse, Dubai Gold & Commodities Exchange, Euronext, Johannesburg Stock Exchange, the London Metal Exchange, LME Clear and NYSE.
For additional information, read:
- TFEX wins 2015 FOW award for Asia's Best Technology Innovation (set.or.th)
- Case Study: SET boosts its firepower (cinnober.com)