SINGAPORE and JERSEY CITY, NEW JERSEY, January 31, 2020 - Straits Financial Services Pte. Ltd. ("Straits Financial"), a leading broker
in the Asia-Pacific region, is now providing prime-of-prime ("PoP") brokerage services to Spotex, a developer of modular, technology systems
for foreign exchange brokers and institutional ECN operator. The agreement enables clients to access institutional FX liquidity via Straits Financial
and provides a gateway for brokers to deploy Spotex's modular technology solutions.
Straits Financial will now provide credit intermediation and liquidity to broker and fund manager clients as a Spotex PoP. This includes Straits
Financial's proprietary institutional liquidity accessed via a dedicated Spotex Broker Liquidity Hub and from Spotex's institutional ECN.
Straits Financial will also deploy Spotex technology to expand the range of functionality it provides to brokers. New functionality will include
multicurrency PAMM, MAM, IB management, and trade copier/social trading.
"We are pleased to provide credit intermediation and liquidity to a new set of FX brokers and fund managers through our prime-of-prime brokerage
agreement with Spotex," said Raymond Mok, Global Head of FX, Straits Financial. "We look forward to working with Spotex to provide credit
intermediation, technology solutions and liquidity to clients across the Asia Pacific region."
Spotex provides complete, modular FX broker technology systems that are fully integrated with its ECN and dedicated Broker Liquidity Hubs. The white-label
technology supports multilevel credit and margin management to layers of brokers and sub brokers as well as introducing brokers.
"We are excited to offer clients world-class credit intermediation and FX liquidity provided by Straits Financial, an acknowledged leader in the
Asia-Pacific region," said John Miesner, Chief Executive Officer, Spotex. "We expect our joint offering to be of great interest to fund
managers and retail FX brokers, especially as we continue to roll out technology innovations in the months ahead."
About Straits Financial
Headquartered in Singapore, Straits Financial Group Pte. Ltd. ("Straits Financial Group") is the brokerage house under CWT Pte. Limited that offers
a full spectrum of derivatives & OTC products, including trade facilitation for physical commodities. Established affiliate offices are in Chicago, New
Jersey, Shanghai and Jakarta.
Straits Financial Group consists of affiliated companies which are full Clearing Members of the Chicago Mercantile Exchange (CME), Chicago Board of Trade (CBOT),
New York Mercantile Exchange (NYMEX), the Commodity Exchange (COMEX), CME Clearport, Dubai Mercantile Exchange (DME), New Zealand Exchange (NZX), CBOE Futures
Exchange (CFE), Nasdaq Futures (NFX), Asia Pacific Exchange (APEX), and is also an Overseas Broking Special Participant of the Shanghai International Energy Exchange (INE).
The group offers clearing access to all major global commodity exchanges.
About Spotex LLC
Spotex provides foreign exchange technology and liquidity solutions to the global foreign exchange markets. Spotex also operates the Spotex ECN, which is supported by
leading FX bank liquidity providers and FX prime brokers.
Spotex provides a full range of proprietary technology, liquidity, and credit options to enable brokers to configure out-of-the-box or bespoke operating environments
that best support their business strategies and market positions. Brokers benefit by quick-to-market, complete, end-to-end interoperability and best-in-class uptime performance.
Spotex technology and liquidity solutions enable FX brokers and institutional market participants to create their own innovative trading paradigms. These include disclosed DMA
liquidity pools for Institutions and discrete liquidity hubs for Brokers as well as direct access to a low latency ECN.
The company is based in the Newport Financial Technology Center in Jersey City, New Jersey.
