Johannesburg South Africa, February13, 2017
CARIBBEAN EXCHANGES GOES LIVE WITH STT EXCHANGE SOLUTION
SecuritiesTrading Technology, a global provider offinancial services software and software-enabled services, today announced thesuccessful go-live of their Exchange solution in the Caribbean Exchanges.
TheExchange solution is a comprehensive, end to end solution designed for stock exchanges.It includes an automated trading solution, trading front end, exchangemanagement and surveillance solutions as well as central securities depositorycapabilities.
Inearly 2016, Securities Trading Technology (STT) won the contract to provide thenew trading platform to the three exchanges. The stock exchanges in Jamaica,Barbados and Trinidad & Tobago have migrated to the new Web tradingplatform, which brings the exchanges closer together and includes the option ofregional integration in the future.
STT’ssystem was chosen to provide higher performance, increased flexibility and newpossibilities.
Mrs. Marlene StreetForrest, the General Manager of the Jamaica Stock Exchange said: "The JamaicaStock Exchange (JSE) is pleased with the successful migration to theAvvento trading platform. We look forward to, in the coming months, exploitingthe capabilities of the software through the delivery of new products andimproved services. ".
Michelle Persad – Chief Executive Officer of TheTrinidad and Tobago Stock Exchange Limited says: “Today theTrinidad and Tobago Stock Exchange implemented a successful changeover from itsprevious trading platform to the Avvento trading platform. Our IT and MarketOperations teams were tireless in their efforts to ensure a smooth transitionand are excited about the possibilities of the new system.”
Mr Marlon Yarde General Manager of theBarbados Stock Exchangesaid: “The Barbados Stock Exchange (BSE)is pleased to be part of an innovative and historic collaboration with itsregional partners, the Jamaica Stock Exchange (JSE) and the Trinidad and Tobago Stock Exchange (TTSE).
Withthe adoption of STT’s Avvento Traderengine, the BSE offers a reliable market infrastructure and a highly efficienttrading solution for trading between banks, brokers, traders and clients in ourmarkets.
Thecapacity for inter-exchange connectivity will provide a wealth of potentialinvestment opportunities for both local and regional investors. STT’s tradingplatform is an evolutionary step as the BSE seeks to position itself as aglobally-recognized international exchange.”
Michelle Janke, Managing director, STT (SouthAfrica), said:“We are delighted STT was chosen to provide our Exchange solution to theJamaica Stock exchange, The Trinidad and TobagoStock Exchange and theBarbados Stock Exchange. These Exchangesare dynamic and fast developing markets and we look forward to working with themin the future in continuing co-operation with our international owners.”
“The selection by theseExchanges, fully illustrates the breadth of STT's capabilities with theprovision of exchange trading, and risk management technology. The systems weoffer and support are flexible enough to be used independently, or in thiscase, integrated into one comprehensive Exchange system.”
For further information, please visit https://www.stt-software.com/