Ultra-Low Latency Aggregator & eFX solution platform that grows with your ambition

Improved fill rates

Customised trading experience

Built-in compliance tools

WHY CHOOSE SPARK?

Advanced technologies

We recognize the technological gap that exists between the best Tier 1 bank Market Makers and other market participants.

That’s why we aim to equip our clients with the similar level of proficiency – all thanks to Spark’s unique proprietary technology and robust architecture. Our eFX solution rivals that of the biggest Tier 1 FX banks in the world.

Ye Ting Song,
Spark’s Founder & Chief Technology Officer

Spark’s eFX platform is built entirely in-house using the best in class leading edge technologies. Spark suite of advanced technologies aim to provide the most complete eFX solution on the market.

Open architecture CEP technology allows plug and play Algo trading strategies deployed right into the trade engine, providing versatile automated solutions ranging from algorithmic order, price making, auto hedging, analytics and more.

Our proprietary binary messaging protocol ensures the best performance in price aggregation and market access.

Sophisticated real-time risk management is built right into the trade engine.

Spark’s proprietary time series tick database offers the best of breed analytics.

Open architecture CEP technology allows plug and play Algo trading strategies deployed right into the trade engine, providing versatile automated solutions ranging from algorithmic order, price making, auto hedging, analytics and more.

Our proprietary binary messaging protocol ensures the best performance in price aggregation and market access.

Sophisticated real-time risk management is built right into the trade engine.

Spark’s proprietary time series tick database offers the best of breed analytics.

Built-in risk control system

Our customised risk management solution is based on what our clients need, so we can negate your risk during the trading process.

When we first approached Taishin Bank, they were looking at cutting platforms instead of adding more.

We sat down with the Traders and the Risk team to discuss the problem, and eventually, developed a solution which will work, not only for them, but for the industry as a whole, based on best-practices.

Many of the existing platforms weren’t willing to develop something new.

Jason Wang Kee Huat,
Chief Operations Officer on


Tailored to your business needs

We recognise that each customer is different. Our system is customisable and flexible to your unique workflow, with the aim to help improve your workflow efficiencies.

The existing vendor for a Singapore Bank had a poor track record of delivering on time and quality. There was an opportunity for us to build out some totally new features which their incumbent didn’t have.

We gladly took on the challenge, as it not only helped Spark build out unique features, it also helped prove our delivery capabilities, and more importantly, improved the efficiency for our client.

To date, not many platforms would be able to put together Primary Markets, direct LPs and ECNs, and still execute fairly based on the FX market’s unsaid rules of engagement, like not to hit a direct LP and a Primary Market at the same time.

Wong Joo Seng,
Spark’s Chief Executive Officer on


Ultra-low latency

We’ve built our platform to keep up with fast market fluctuation without breaking or pausing. By eradicating non-efficiency, we’re directly helping traders to gain more trade opportunities.

Sparks’ API and technology are the best that I’ve come across, and I’d readily recommend banks, hedge funds and other financial institutions to leverage your expertise in delivering low latency access to the market.

Paul Liew, Quant Trader,
Phoenix Capital

Support from industry professionals

Our customer support agents are industry professionals with years of experience – they understand your business, your sales process, they will know right away to provide the right solution.

With multiple strategies across multiple portfolio managers, Spark has been able to cater to our unique needs.

The dedicated level of attention and technical expertise from Spark’s client service team has been a key driver of success in our relationship with the company.

Alain Kamagi,
Managing Partner at UNTL on


Spark eFX Platform

Cutting edge systems designed for efficient access to FX liquidity and reduced trading costs.

 

Aggregate liquidity pool via GUI/ API with best execution

Well designed and intuitive interface

High fill ratios with low market impact

Product types supported: Spot, Forward, NDF, SWAP, NDF SWAP

Wide range of order types and expiry

 

Define liquidity sources and depth by pricing groups

Easy configurable of spreads/ skew by currency pairs

Synthetic cross creation and risk splitting

Rule-based and Algo-Driven auto-hedging

 

Margin calculation and auto-closeout

Trading limits – NOP, ticket, counterparty

Real-time risk control functions: Credit Limit and Fat Finger Limit

Privileged user may set trading limit controls by Firm, Book, Ticket for traders

Post trade analytics

 

Help client deliver pricing solution with their own branding

Customized trading experience

Enhance client’s offering to their customers

Ultra-Low Latency Aggregator

 

Aggregate liquidity pool via GUI/ API with best execution.

Well designed and intuitive interface.

High fill ratios with low market impact.

Product types supported: Spot, Forward, NDF, SWAP, NDF SWAP.

Wide range of order types and expiry.

Price Construction & Distribution

 

Define liquidity sources and depth by pricing groups.

Easy configurable of spreads/ skew by currency pairs.

Synthetic cross creation and risk splitting.

Rule-based and Algo-Driven auto-hedging.

Risk Control & Management

 

Margin calculation and auto-closeout.

Trading limits – NOP, ticket, counterparty.

Real-time risk control functions: Credit Limit and Fat Finger Limit.

Privileged user may set trading limit controls by Firm, Book, Ticket for traders.

Post trade analytics.

White Labeling Your Brand

 

Help client deliver pricing solution with their own branding.

Customized trading experience.

Enhance client’s offering to their customers.

Compare Spark Systems with traditional platforms

 

Traditional Platform

High rejection rates in volatile markets

Rigid legacy systems

Separate chargeable risk management options

High implied trading cost

Limited liquidity pool/ venue connectivity

Improved fill ratios in volatile markets

Customised trading experience

Built in risk management tools

High trading returns through low market impact

Ability to aggregate broad variety of liquidity sources

Developed by industry veterans

Our team of experts holds over a century of industry experience, and are available to provide unique insights, knowledge and expertise on how you can best build Spark into your workflow and implement our end-to-end FX trading solution.

FOUNDER & CHIEF EXECUTIVE OFFICER

WONG JOO SENG

Wong Joo Seng is founder and CEO of Spark Systems. A company he conceptualised and started up in April 2016. Spark’s focus is on building the next generation of FX trading platforms that are ultra-fast, resilient, low latency and cost efficient. In addition to being a recipient of an MAS grant, Spark Systems also raised USD8.7 million in a Series A investment round (with venture capital as well as strategic investors) in 2017.

Joo Seng is also a Venture Capitalist and is a Venture Partner with both Vickers Venture Partners as well as an Investment Partner with True Global Ventures. Wong, Joo Seng is also co-founder of M-DAQ; Jan 2010 and the company’s founding Chairman (Non Executive). He assumed the role of Executive Chairman in Jan 2014 and led the company to a successful Series C investment round with a major e-commerce company in Nov 2015 with a valuation of $250 million.

CHIEF TECHNOLOGY OFFICER

YE TING SONG

Prior to Spark Systems, in 2013 Ting Song worked at “buy side” US hedge fund Pine River Capital Management in Hong Kong, where he designed and built from scratch a bespoke state-of-the-art algorithm electronic trading system, and managed intraday trade strategies and executions. Before his return to Asia in 2011, Ting Song has already built a distinguished career having worked in London for over 10 years.

He first entered the world of FX electronic trading in 2009, at Barclays Capital in London, where he was a senior quant developer for Barclay’s bespoke Algorithmic Trading System (BATS). The BATS team was responsible for providing automated pricing and electronic risk management for the award-winning Barclay’s FX e-commerce platform BARX – it was one of the top three single-dealer platforms in the world at the time.

CHIEF OPERATIONS OFFICER

JASON WANG KEE HUAT

As Chief Operations Officer at Spark Systems, Jason Wang is tasked to manage the day-to-day operations of the business, handle the upstream relationships with the liquidity providers on the platform as well as oversee the sales and marketing functions of the business. Jason has a long and illustrious career in FX and FX sales. He has joined Spark Systems from KGI Futures, where he was Head, Institutional Sales covering a vast geography including Singapore, Hong Kong, Dubai, Korea, Japan, India and Australia.

Prior to that, he was the Head of FX Sales in Flextrade, covering a similar geography and targeting clients looking at FX Trading Solutions, White Label and FX Treasury Solutions. Before Flextrade, he was Vice President, Sales for Hotspot FX at Knight Capital Group focused on client acquisition and account management for the same wide reach and geography, promoting Hotspot FX’s ECN Liquidity.

KEY TEAM MEMBERS

Ashley Koh

Ashley Koh

COO (Strategy and Operations)

Decade’s experience within the Equity and FX trading space with both buy-side and sell-side institutions

Ashley Koh

COO (Strategy and Operations)

Chin Shi Mei

Chin Shi Mei

Head of Finance

Seven years of audit experience in the Big4 firms

Chin Shi Mei

Head of Finance

Goh Boon Yam

Goh Boon Yam

Head of Sales

Over a decade of experience building and managing client relationships

Goh Boon Yam

Head of Sales

Patrick Ng

Patrick Ng

Head of Client Services

Technology veteran with over a decade’s experience under his belt

Patrick Ng

Head of Client Services

Lee Piau

Lee Piau

Project Director

Wealth of experience within both buy side and sell side businesses of the FX industry

Lee Piau

Project Director

Low Han Tah

Low Han Tah

IT Infrastructure Lead

More than a decade’s experience within the tech industry

Low Han Tah

IT Infrastructure Lead

ADVISORS

Alain Kamagi

Alain Kamagi

Advisor

Alain Kamagi

Advisor

Mervyn Fong

Mervyn Fong

Advisor

Mervyn Fong

Advisor

PRESS

Spark Systems in the Media

Embrace next-generation FX integration
with Spark Systems.

Get in touch today with one of our leading FX industry experts.

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Careers@Spark

If you would like to explore future opportunities, please send your contact and resume to hr@sparksystems.sg.

Fulltime | Singapore

Fulltime | Singapore

Fulltime | Singapore

Fulltime | Singapore

Fulltime | Singapore

Fulltime | Singapore

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PHONE

+65 6911 0123