JAIPUR, India -- Schott OFT (schott-oft.com) a leading provider of commodities brokerage, electronic execution and trading support products for global financial markets, announced today that it has appointed Jon Flanders to its Chief Technology Officer.

Mr. Flanders will be responsible for developing the firm’s technology and for overseeing all technology investments. In his new position Mr. Flanders will report to Denny Chiang, Head of Trading and Technology Schott OFT.

Jon Flanders has been at Schott OFT for eleven years and was Schott OFT’s former Head of Development and Ecommerce and prior to that managed the development of D-Trade, the firm’s electronic trading platform in Asia for energy and commodities.

Mr. Chiang welcomed Mr. Flanders to his new position and said:”Technology is a critical component of our business. We are early developers of technology and have invested significantly since the inception of our company. Jon with his wealth of knowledge and experience will be a great contributor to the further development of our technology in all our different businesses”.

D-Trade is the next generation electronic marketplace combining the liquidity pools of multiple brokerage firms, electronic trading participants along with multiple clearing options in an open access web based platform.

Schott OFT (schott-oft.com) (http://www.schott-oft.com) is a commodity broker for futures and commodity trading, which specialize in Broker Assisted trading at discounted commission rates. Schott OFT offers Discount Online futures trading account plans and Broker Assisted commodity account plans to meet the needs of serious commodity futures traders and commodity option traders. Our mission is to provide state of the art order entry capabilities; extremely competitive commission rates and the professional service that today's futures trader’s demand. We strive to maintain our solid reputation by providing our clients with competitive rates and quality service second to none.