Fortis London commodities unit to implement Ubitrade system

Fortis Commodities Brokerage, the London commodity trading unit of Benelux bank Fortis, has signed up to Ubitrade Futures & Options, a capital markets trading and risk management system developed by French company Ubitrade.

The system will handle Fortis’ cocoa, sugar and coffee trading on Liffe and Nybot.

Fortis said Ubitrade’s ability to launch processes that fit in with clients’ time zones, rather than the more typical batch processes, plus an intra-day margin simulation capability were the key reasons for selecting the system.

Fortis will also deploy Ubitrade’s internet access service to its end-users. This will allow both clients and brokers to access their positions, statements and trades in real-time.

Ubitrade Futures & Options covers the majority of the world’s exchange-traded derivatives contracts.