Sucden Financial unveils STAR’s Dynamic Spreader to trade on two markets simultaneously

Sucden Financial has developed a new advanced trading feature on its in-house developed STAR trading platform. The Dynamic Spreader now allows users to monitor and trade on two exchanges/markets simultaneously, taking advantage of any arbitrage opportunities. Traders may trade the sugar premium, for example buying New York (Raw) sugar contracts whilst simultaneously selling London (White) […]

Sucden Financial has developed a new advanced trading feature on its in-house developed STAR trading platform. The Dynamic Spreader now allows users to monitor and trade on two exchanges/markets simultaneously, taking advantage of any arbitrage opportunities.

Traders may trade the sugar premium, for example buying New York (Raw) sugar contracts whilst simultaneously selling London (White) sugar futures at the click of a button. Another example would be buying LME copper and selling COMEX copper futures contracts.

Intra-exchange spreads may also be created and traded, such as buying LME aluminium and selling LME copper, taking advantage of any relative value. The new system can save a trader time and potentially obtain better prices, whilst minimising risk.

 

The system works by allowing users to create and trade intra and cross-exchange synthetic spreads, utilising an algorithm that releases orders in clip sizes as determined by the trader to mitigate ‘legging’. The platform is programmed to reduce risk, together with alerts, providing the user strategies and built-in protection against excessive price slippage.

STAR is Sucden Financial’s in-house developed futures and options trading platform, providing access to many of the world’s major exchanges. The system is used by a broad range of clients, including brokers, proprietary trading houses and hedge funds, as well as the firm’s internal execution desks.

Michael Overlander, CEO, Sucden Financial explained:

“This is a great additional tool for our STAR traders and a good example of where in-house development has enabled us to develop specific functionality, coupled with stringent risk controls. We believe this major enhancement will further demonstrate our desire to make STAR the platform of choice.”

Gavin Parker, COO, Sucden Financial said

Legging risk, where only one side of the trade is filled when trading across multiple exchanges is always a potential issue for traders, especially when dealing with less liquid contracts. This new feature has taken significant development by our in-house team who have created tools to minimise these risks as far as possible. STAR is a user friendly system, providing electronic access to derivative markets at a fraction of the cost of some ISV platforms with similar functionality, together with an excellent set of tools for advanced trading strategies.”

  • Read this next

    Digital Assets

    Celsius founder Mashinsky agrees to shared lawyers with Sam Bankman-Fried

    Former Celsius CEO Alex Mashinsky has addressed potential conflicts of interest in his legal representation during a brief hearing in a New York courtroom.

    Digital Assets

    Sam Bankman-Fried captured in first jail photo

    Sam Bankman-Fried, the once-billionaire founder of FTX, has been spotted looking quite different with a new beard and a slimmer figure in a photo that’s been making rounds, reportedly taken inside New York’s Metropolitan Detention Centre.

    Market News

    Bitcoin stalls at $53,000 level, Ethereum reaches $3,000

    Bitcoin (BTC) faced renewed resistance at the crucial $53,000 level on Tuesday, indicating that the primary cryptocurrency is likely to continue consolidating before making its next decisive move.

    Digital Assets

    UK targets new laws for stablecoins and crypto staking within six months

    The United Kingdom is gearing up to enact fresh legislation regulating stablecoins and crypto staking within the next six months.

    Web3

    Masa’s Milestones Before Mainnet Launch

    Since its launch in August 2022, Masa, the premier decentralized network for personal data, has experienced rapid growth, securing over 1.2 million unique wallets and accumulating more than 23 million data points. Despite a bear market, the network has attracted over 40,000 node operators to its testnet within just 18 months.

    Digital Assets

    Web3 Greatest Startup Competition Hits $10M in Prizes

    We’re thrilled to announce the return of the highly anticipated Startup Competition at Paris Blockchain Week. With a staggering array of prizes totaling over $10 million, encompassing funding, grants, credits, accelerations, listing, and more, this competition has become a cornerstone event within the blockchain startup ecosystem.  

    Digital Assets

    Hedge fund Tyr Capital faces dispute over exposure to FTX

    Crypto hedge fund Tyr Capital found itself embroiled in a dispute with one of its clients concerning its investment exposure to the bankrupt digital assets exchange FTX, as reported by the Financial Times on Tuesday.

    Retail FX

    Plus500 revenue down to $725 million, unveils $100M share buyback

    Israeli-based, but London-stock market listed Plus500 Ltd (LON:PLUS) today reported its 2023 results, which came “significantly ahead” of analysts’ estimates.

    Education

    Strategies for Profiting from Interest Rate Fluctuations

    The world of Forex trading is a complex and dynamic domain where interest rates play a pivotal role in shaping currency values. Octa’s team of financial experts delves into this intricate relationship, providing traders with a comprehensive understanding and strategies to harness economic indicators for enhanced trading performance.

    <