Kenanga Deutsche Futures CEO and head of listed derivatives Azila A. Aziz
KUALA LUMPUR: Kenanga Deutsche Futures Sdn Bhd has rolled out its KDF TradeActive, which is its first real time customised online order management system for trading listed derivatives.
It said on Monday the system would leverage on Bloomberg’s Realtime Systems (RTS) -- a technology provider of a high-performance trading and robust algorithmic trading platforms – widely used by international brokers for trading in global markets.
Kenanga Deutsche Futures is the first in Malaysia to deploy the CME certified RTS platform for its clients to access and to trade into Bursa Malaysia Derivatives listed products which is hosted on CME Globex in Chicago.
Kenanga Deutsche Futures CEO and head of listed derivatives Azila A. Aziz said the KDF TradeActive was part of its continuous move to focus on the customers and respond to emerging opportunities more rapidly. She said this was crucial for the listed derivatives business to grow.
“The deployment of KDF TradeActive would enhance our DMA offerings and place us in a strategic position for a potentially much more scalable on boarding potential, leveraging on the two globally well-established networks Bloomberg and RTS Realtime Systems,” she said.
Importantly, the initiative would enable it to progressively embrace financial technology (FinTech) amid the changes in derivatives market landscape.
Essentially, KDF TradeActive will provide the company’s both in-bound and out-bound business models with capabilities of system integration among multitude of Financial Information eXchange protocol (FIX) compliant platforms.
“The order management system enables clients to trade in real time, monitors market price movements and incorporates trade execution strategies. Its scalable technology will also provide potential connectivity with other global futures markets, in different time-zones and workflow efficiencies yet being fully compliant with the listed derivatives industry requirement and standards,” it said.
As at 2015, Kenanga Deutsche Futures accounted for 15.21% of execution market share out of the 14 million contracts traded on Bursa Malaysia Derivatives Bhd.
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