KB TECH, a UK based software development company providing data management products to the trading, pension and financial markets, has announced that its trading platform, KB Trading Portal™ will go live at the NOREXECO Exchange on 1st October 2018.
NOREXECO (NXE) is a regulated commodity exchange (MIC:NEXO) offering trading in cash settled financial futures, specializing in the global pulp and paper industry. NXE is based in Kongsvinger, Norway. All transactions executed on NXE are cleared by European Commodity Clearing AG (ECC), Leipzig, Germany.
The KB Trading Portal™ is part of the KB Portal™ suite of products utilized within the commodities trading environment all of which benefit from being easy and quick to deploy as clients simply utilize their standard Internet browsers and connections to gain access to the product suite.
Features of the KB Trading Portal™ include
- Easy to set up; standard browser and internet connection
- User designable screen dashboards and notification options
- Full STP connection to clearing
- FIX and other distribution methods available
- Pre trade risk controls including price range, volumes and margin on the fly
- Full trade status monitoring
- Full operational surveillance tools
- Customised historic trade search
- Exchange, Trader, Risk manager and Broker functionality
- Futures, options, spreads and strips
- Full and partial fill order options
- Request for Quote (RFQ)
Stein Ole Larsen, CEO of NXE commented:
We are very pleased to have deployed the KB Trading Portal™ for our members across our markets. Following a competitive review of trading platforms available we are pleased to be working with the KB TECH team. Our investment in the new platform allows our members to benefit from a number of features that enhances operational efficiency, risk control, ease of trading and trading functionality thus supporting our strong client focus and objective of building our market.
KB TECH is delighted that NXE has chosen the KB Trading Portal™ which builds on our current range of products already utilized within the financial community and our relationship with commodity exchanges ” added David Briggs, IT Director and co-founder of KB TECH. “This represents an important element of our strategy in expanding our products within the trading environment and builds on our proven expertise in this area.
KB Trading Portal™ is targeted at the regulated exchange and general trading environments alike with its functionality easily modified as appropriate for the business requirements of its users.