Jul 302014
 
 Trop X, the Seychelles Securities Exchange, launches new Listed Derivatives Market

EDEN ISLAND, Seychelles, July 30, 2014/African Press Organization (APO)/ — Trop-X (http://www.trop-x.com), the Seychelles Securities Exchange, has launched its new Derivatives Market with 115 listed derivatives on major currency pairs, international equities, international equity indices and spot commodities all of which are available through the Trop-X live order book. All instruments traded on the Derivatives Market are settled in US Dollars. Tight spreads, deep liquidity and highly competitive fees are in place across the range of products.

Logo: http://www.photos.apo-opa.com/plog-content/images/apo/logos/trop-1.jpg

The Derivatives Market will be open 24/5 as most currency derivatives and international equities indices derivatives will be trading 24/5 with a short 5 minute daily break while others such as international equities derivatives will trade during the market hours of the exchange where the primary listing of the underlying asset is located. Trop-X has the ability to add over 3,000 additional listed derivatives on currencies, commodities, equity indices, single stock equities, bonds, interest rates and ETFs on short notice subject to demand from the investment community. Clients may simply ring their Trop-X derivative member broker to place an order on any of these instruments. The initial products being offered through the live order book are highly liquid. For instance, spreads on the EURUSD pair are as low as 0.1 pip (0.00001) with deep institutional liquidity beyond the top of book spread. Exchange and clearing fees are also highly competitive. The Trop-X Head of Markets, Dale Fick, says ‘in balance, the new Derivatives Market and overall product offering permits a wide range of investors to meet their objectives (e.g. best execution, best pricing, transparency, regulated market, central clearing) within the comfort of a regulated market place’.

Trop-X CEO, Bobby Brantley, added ‘the launch of the Derivatives Market is another milestone toward our mission to facilitate economic growth, wealth creation and socio-economic transformation by being the trusted marketplace for capital raising, risk transfer, trading, clearing and settlement for the AMEA (Africa, Middle East and Asia) markets. The launch of this Derivatives Market is one significant part of our overall plans and Trop-X is currently engaged with international banks and other partners to launch the next step of our development plan which we hope to announce by the end of the year.’

Trop-X went live in August 2013 with the launch of its Equities Market. It was recently admitted as a correspondent member of the World Federation of Exchanges (WFE) and is the National Numbering Agency of the Seychelles.

Distributed by APO (African Press Organization) on behalf of Trop-X Securities Exchange.

For Further information contact us:

Trop-X (Seychelles) Ltd

First Floor Eden Plaza, Eden Island, Seychelles

Tel: (+248) 434 6800

Email: info@trop-x.com

Website: http://www.trop-x.com

Source: APO

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