Orient Futures International Singapore is deploying Snowflake to deliver smarter data-driven financial decisions.
Snowflake, the Data Cloud company, has announced that Orient Futures International (Singapore), a member of the Singapore Exchange (SGX) and Asia Pacific Exchange (APEX), will leverage Snowflake’s Data Cloud to make smarter decisions powered by advanced data analytics.
A direct wholly owned subsidiary of Orient Futures Co Ltd, Orient Futures Singapore offers a suite of capital market products including Exchange Traded Derivatives, OTC Derivatives and Leveraged Foreign Exchange. It also is the holder of the Capital Market Licence (CMS) issued by the Monetary Authority of Singapore (MAS).
Unlike traditional brokers, Orient Futures Singapore offers services developed fully on cloud technology and open architecture; to empower customers to trade more efficiently through technology and financial innovations. With Snowflake, Orient Futures Singapore aims to
- Provide personalized services for portfolio allocation and modelling, through an integrative view of customer profile
- Enable smarter management of customer risk profiles through data analytics
- Perform back testing on historical data and analytical insights from financial data to help customers make better decisions regarding its portfolio
Orient Futures Singapore utilizes technology to create seamless trading experiences for its customers. In line with its vision to become a ‘broker of the future’, Orient Futures Singapore aspires to instil data within its culture to become intrinsically data driven.
As a financial institution, Orient Futures Singapore has a responsibility to store its data securely yet needs to be able to access data from different sources with high computing speed, to stay ahead in providing financial services to clients. The company is constantly exploring ways to extract and analyze data from various sources with speed and security to progress towards its goal of being a data-driven, cloud-first digital brokerage.
With Snowflake’s inbuilt security and governed scalability, Orient Futures Singapore can easily consolidate all its data into a single, centralized platform. Snowflake’s performant computing power allows Orient Futures Singapore’s employees to easily prepare, transform and compute data for business analysis. Teams across various departments can easily access near-real time insights via self-service, which powers faster business decisions.
Philip Huang, Head of Risk Management, Orient Futures Singapore, said: “We are excited to collaborate with Snowflake, which holds the same beliefs in the client-first and tight-security data governance approaches that we prioritize.
“We chose Snowflake because of its expertise and familiarity with local regulatory systems in Singapore as well as its strong track record in the financial industry.
“Snowflake’s storage and computing capabilities are unprecedented and its time to market is much faster compared to other providers.
“We are looking forward to seeing how Snowflake can improve our culture and enable smarter decisions for our clients.”
Geoff Soon, Snowflake’s Managing Director for South Asia, said: “Snowflake is pleased that Orient Futures Singapore has selected the Data Cloud on account of our business focus in scalability, automation and accessibility.
“We hope to enable Orient Futures Singapore to tap on Data Analytics and Data Science to attain its vision of becoming a broker of the future.
“Snowflake is excited to roll out new plans that will benefit financial customers through technological transformation.”Click below to share this article