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

Binance executives sue Nigerian authorities over rights violation

Two senior executives from Binance have filed a lawsuit against against Nigeria’s national security adviser’s office and its anti-corruption agency, alleging violations of their fundamental rights.

Retail FX

Banxso announces 8.7% interest rate on deposits in South Africa

“With Banxso, they can enjoy the benefits of both worlds – earning competitive interest and having the freedom to trade, all within the same platform.”

Industry News

FINRA to publish transaction details in U.S. Treasury securities

“Consistent with our longstanding practice, FINRA is introducing greater transparency in a calibrated and careful manner, benefiting liquidity and resilience in this critical market while also mitigating potential information leakage concerns.”

Institutional FX

OpenYield launches “cheap and easy” fixed income trading for brokers

“We’re on a mission to make bonds cheap and easy to trade, and are excited about the opportunity to build generational capital markets infrastructure.”

Digital Assets

Sumsub and Mercuryo publish a guide for VASPs: “Mastering Travel Rule Compliance”

“At Sumsub, we’ve concentrated our efforts on filling the gap in understanding the complexity of Travel Rule regulation and helping organizations find the best solution to stay safe and compliant while minimizing costs and avoiding potential risks of non-compliance. This guide we created with Mercuryo, our trusted partner, is the ultimate navigation tool all VASPs can consult.”

Digital Assets

Bitget Wallet Leads with Record Swap Volume & New Crypto Innovations

This week, Bitget Wallet achieved a milestone by surpassing Metamask with a record 388,757 Swap order transactions, securing the global lead. The significant 7-day trading volume, almost 68,000 more than its rival, underscores its liquidity and user trust. This robust activity signals Bitget Wallet’s prominent role and reliability in the dynamic crypto market.

Digital Assets

Embarking on a Digital Currency Journey

Imagine you’ve stumbled upon a treasure map, leading you to untold riches hidden in the vastness of the internet. Instead of gold coins and jewel-encrusted goblets, this treasure comes in the form of digital currencies, the modern-day loot coveted by many.

Reviews

Traders Union Experts Share The Trading Analyst Review For 2024

Navigating options trading in rapidly shifting markets poses a considerable challenge. This is where options trading alert services become invaluable. They aid traders in keeping abreast of evolving opportunities and market trends. In this assessment, Traders Union experts scrutinize The Trading Analyst alert service to ascertain its efficacy. 

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

<