Irisium delivers real time market surveillance capabilities to help APEX identify and address suspicious trading behaviours
London, United Kingdom –30th of May 2018 - Irisium Ltd (formerly known as Ancoa Software Ltd), a leading provider of market surveillance and analytical software for financial organisations, today announced that Asia Pacific Exchange Pte Ltd (APEX) has integrated the Irisium Surveillance platform on their exchange. Using Irisium’s platform, APEX will be able to identify in real time and investigate manipulative and suspicious trading behaviours.
APEX, the newest and third derivatives exchange and clearing house in Singapore, received approval from the Monetary Authority of Singapore (MAS) earlier this year.
APEX plans to begin offering US dollar-denominated futures contracts later this year. It will also look to offer other futures and options contracts covering commodity and financial derivatives products, including agriculture, energy, petrochemical, metal, interest rates and stock indices.
“APEX's vision is to establish itself as an exchange that will be the Asian center for price benchmarks to be referenced by global market participants,” said Eugene Zhu Yuchen, the company's founder and CEO. “A fair and orderly market reflects genuine demands and supplies. We believe that through the close cooperation with Irisium, APEX is able to provide a fair, transparent and regulated trading venue to all participants.”
APEX will use Irisium’s platform to source analytics across large quantities of disparate data in real-time, obtaining a holistic view of all data and insight into suspicious activity. Alastair Goodwin, CEO of Irisium Ltd, said: “We are pleased to support APEX in the launch of their exchange. We believe that building innovative technology into APEX’s processes from the very beginning will help it ensure compliant and efficient operations, resulting in enhanced customer protection and market integrity.”
Irisium is a subsidiary of Cinnober Financial Technology. Irisium’s platform provides insightful analytics and contextual surveillance for exchanges, regulators, buy-side and sell-side firms.
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For further information or discussion specific to Asia Pacific Exchange Pte Ltd (APEX), please contact:
Irisium (formerly known as Ancoa Software Ltd) provides market surveillance and analytical services to Capital Markets. The services have been developed by a team of market experts and are underpinned by highly sophisticated, yet flexible technologies. With Irisium, firms can meet their surveillance obligations with confidence and at the same time gain insightful business intelligence. Irisium Ltd is a subsidiary of Cinnober Financial Technology. For more information, please visit www.irisium.com
About Asia Pacific Exchange Pte Ltd (APEX)
Asia Pacific Exchange Pte. Ltd. (APEX) is a derivatives exchange incorporated in Singapore. APEX lists commodity and financial derivatives traded by global market participants and currently lists a USD denominated palm olein futures contract as its first contract.
Recognizing the demand that global market participants have for products closely related to the Chinese economy, APEX aims to provide a robust platform with such exposure for international market participants. The platform also serves Chinese and international market participants seeking to manage their price risk.
APEX’s clearing house, APEX Clear, offers innovative clearing and settlement services across asset classes for all of its exchange traded derivatives.