Orient Futures International Singapore and Snowflake empowers customers to trade more efficiently through technology and financial innovations
SINGAPORE, 19 July 2021 – Snowflake, the Data Cloud company, today announced that Orient Futures International (Singapore) Pte. Ltd. (Orient Futures Singapore), a member of the Singapore Exchange (SGX) and Asia Pacific Exchange (APEX), and holder of the Capital Market Licence (CMS) issued by the Monetary Authority of Singapore (MAS); 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.
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 personalised 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 their portfolio.
Orient Futures Singapore utilises 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 analyse data from various sources with speed and securely 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, centralised 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.
"We are excited to collaborate with Snowflake, which holds the same beliefs in the client-first and tight-security data governance approaches that we prioritise. We chose Snowflake because of their expertise and familiarity with local regulatory systems in Singapore as well as their 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," said Philip Huang, Head of Risk Management, Orient Futures Singapore.
"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," said Geoff Soon, Snowflake’s Managing Director for South Asia.
About Orient Futures Singapore
Orient Futures International (Singapore) Pte. Ltd. is a direct wholly owned subsidiary of Orient Futures Co., Ltd. and an indirect wholly owned subsidiary of Orient Securities Co., Ltd., listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange. Collectively, the Group offers a one-stop global brokerage solution to clients seeking international access to the Chinese and global markets. Licensed by the Monetary Authority of Singapore, Orient Futures Singapore offers a suite of capital market products including Exchange Traded Derivatives, OTC Derivatives and Leveraged Foreign Exchange.
For more information about Orient Futures Singapore, visit www.orientfutures.com.sg.
For latest updates, connect with Orient Futures Singapore via social media via https://compiled.social/OFIS
Snowflake enables every organization to mobilize their data with Snowflake's Data Cloud. Customers use the Data Cloud to unite siloed data, discover and securely share data, and execute diverse analytic workloads. Wherever data or users live, Snowflake delivers a single data experience that spans multiple clouds and geographies. Thousands of customers across many industries, including 187 of the 2020 Fortune 500 as of April 30, 2021, use Snowflake Data Cloud to power their businesses. Learn more at snowflake.com