Front Futures

Front Futures Acquires FINE Security Trading

Front Futures has acquired the FINE Security Trading- a real-time position-keeping and risk management system that captures and values exchange-traded and cleared products across multiple trading venues.

 

Hong Kong -- (SBWIRE) -- 02/04/2010 -- Front Futures (http://www.frontfutures.com) has acquired the FINE Security Trading commodity trading solution. FINE security Trading is a real-time position-keeping and risk management system that captures and values exchange-traded and cleared products across multiple trading venues. FINE Security Trading also provides exchange connectivity with real-time trade feeds. The acquisition, the terms of which were not disclosed, is not expected to have a material impact on Front Futures’ financial results.

FINE Security Trading will add real-time exchange connectivity, valuation and risk capabilities for futures, options and swaps across multiple asset classes to Front Futures’ trading platform. Front Futures’ trading platform integrates trade capture, valuation models, risk measurement, financial reporting and independent market data. It provides an automated, Web-based environment that helps customers to simplify implementation, accelerate time-to-market and gain ongoing processing efficiencies, while requiring minimal IT support.

Increasing regulation and a lower tolerance for counterparty risk are leading many commodity trading firms to favor clearing through an exchange clearinghouse. Adding the capabilities of FINE Security Trading will help Front Futures provide commodity trading advisors, hedge funds, market makers and high volume trading funds with real-time valuation and risk capabilities for futures and other cleared products. With FINE Security Trading as part of Front Futures' trading platform, prime brokers and futures commission merchants will have access to a real-time risk dashboard and customer profit and loss information; banks will have access to a real-time counterparty risk dashboard; and corporations will be able to receive real-time alerts on hedge book valuation changes.

Leonard Marshall Lee, Executive VP of Front Futures, said, "The market dynamics and regulatory environment today point to a continued increase in trading activity in exchange-traded and cleared products. Commodity traders, actively trading in these markets, require the ability to view and value executed trades in real time in order to achieve greater control over risk and exposure. FINE Security Trading combined with our platform will offer traders real-time positions and prices for valuing exchange-traded and cleared products in real-time. This will help commodity traders view any level of the deal's underlying structure to the lowest level of exposure."

About Front Futures
Front Futures, Hong Kong based online futures trading company. Globally, we endeavor to minimize any possible business risks, and above all, offer superior quality service. We believe in our customer service and enabling our clients to deal in volatile markets. We will always offer a price, even when others may not.

Front Futures builds its business reputation on the proposition that an educated trader must not only be pleased with the profits but must make the best trades in his or her life.