Spike Trading signs with patsystems

Spike Trading, a Chicago-based supplier of clearing and support services to floor-based traders, has contracted independent software vendor patsystems, to provide it with J-Trader, the company’s online derivatives trading platform.

This is the second significant deal announced by the London-based vendor is as many months – Cargill Investor Services, headquartered in Chicago, signed with patsystems in February – but the up-coming extraordinary general meeting scheduled for March 23 could scupper the company’s recent good form (see RiskNews, March 8).

Spike Trading, a division of New York-based Pioneer Futures, will offer initial exchange connectivity to the Chicago Board of Trade and the Chicago Mercantile Exchange

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