London - Object Trading and G. H. Financials have announced direct market access to the ASX 24. G. H. Financials, a provider of order-routing, clearing and settlement services to derivatives markets, has become a conformed broker on the managed DMA (Direct Market Access) service platform of Object Trading, a provider of a multi-asset trading infrastructure.
Market participants can now trade on the ASX 24, with improved onboarding times, as G. H. Financials' execution, clearing, and risk management infrastructure and related setup processes are in place and already active on the Object Trading platform.
With the trend of some banks closing their FCM (Futures Commission Merchant) units, non-bank FCMs like G. H. Financials are filling the void, providing services in specialty areas that may not traditionally be served by other brokers. Gerry Turner, Executive Director, Object Trading, explains, "Bank FCMs can be the single resource for a wide range of services including clearing, capital, funding, and lending. In cases where these banks no longer provide the full range of these services to their clients, non-bank FCMs, like G. H. Financials, step up to lend their expertise in regional access or certain asset classes."
"Over the past few years, we have seen tremendous growth, because of our ongoing commitment to provide trading solutions which deploy the latest technologies that easily integrate into other systems, and are fully supported by a reliable, local and personal service," said Steve Martin, G. H. Financials COO.
Object Trading has provided direct market access to the ASX 24 (formerly Sydney Futures Exchange) since 2001, and expanded its service platform in October 2015 by co-locating its managed software, client gateways and global connectivity network in the Australian Liquidity Centre (ALC), ASX's data centre.
"With this latest addition, our award-winning, managed DMA service platform provides clients with production access to 6 colocation centres and over 60 markets worldwide" said Gerry Turner. "As our managed platform expands, clients benefit from immediate access to venues without the financial burden of investing in infrastructure."