Patsystems moves into forex trading

Patsystems specialises in equity futures and options trading systems. But the company plans to offer its customers access to a variety of different asset classes on a platform, said Harvey Moses, executive vice-president of sales and account management at Patsystems. He said other deals were in the pipeline but was unable to give details.

The IFX interface should be available to existing Patsystems customers by early 2004. Clients will have to register with Patsystems for a so-called ‘exchange-specific adaptor’, but Moses declined to comment on the cost of this.

Charles Romilly, a director at IFX Markets, said: "By joining forces we can play on each other’s strengths and offer a far more powerful service." IFX handles spot forex and currency futures transactions.

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