The AOEI is a gateway for SFE Members to connect their own, or third party-provided, order-entry and management systems directly into SFE, thereby broadening the distribution of SFE’s products both domestically and internationally.
Volume traded through the AOEI has been rising since the SFE moved to full-time electronic trading via its SYCOM® IV system on 15 November 1999. Currently, there are approximately 400 SYCOM® trading terminals set-up around the world with overseas hubs in London, Auckland, Tokyo and Hong Kong. SFE is the first futures exchange in the Asia Pacific region to become fully electronic.
The AOEI gateway allows SFE Members to distribute SFE derivatives contracts directly to their clients, giving them access to real-time data and straight-through processing order-entry technology. The AOEI is also being used by SFE Members to facilitate automated program trading. Some Members are offering their clients access to the benefits of the AOEI over the Internet.
Mr Robert Elstone, SFE Chief Executive, said: “The increasing volume being generated via the AOEI points both to the ongoing capability of SFE’s electronic trading system and the international reach of SFE’s products, since a sizeable portion of AOEI volume is coming from overseas customers.
“The success of the AOEI is reflective of the overall strength of SFE at present. 13.8 million futures and options have been traded so far this year, a rise of 15.4% on the same period last year, with our four major contracts all trading significantly higher than 1999 levels.
“Capitalising on the advantages offered by full-time electronic trading remains one of SFE’s priorities. To this end, we are planning capacity upgrades to SYCOM® and functional enhancements to the AOEI. This will make electronic connection to SFE Members easier and quicker for our customers than ever before.”
