Patsystems, a provider of trading technology for the derivatives industry, has signed on to use “Black Box” software from identify for use in application problem resolution as part of electronic trading.
The Black Box is part of Identify’s AppSightT program.
More than 40 futures and options brokers use the Patsystem’s TradeMark trading application, numbering 7,000 customers and 650,000 contracts a day. Among the users are Fortis and Royal Bank of Scotland. The BlackBox will be embedded in that application, Identify said. Patsystem is based in London.