Fidessa Group Co-Locates with SGX Data Center, Adds First Vietnamese Broker

Global investor and buy and sell-side solutions specialist, Fidessa Group, has opted to co-locate at the Singapore Exchange’s (SGX) data hub – furthermore the group has fortified its network by adding its first Vietnamese Broker, VN Direct, via a Fidessa statement.

Fidessa Rockets into the Center of Southeast Asian Financial Universe

Fidessa’s integration with the SGX means that its new Singapore data center will now act as a cardinal nexus for its comprehensive suite of services for users and market participants throughout Southeast Asia – this localization also encapsulates global and regional trading options, member and non-member trading, and global connectivity. Moreover, the initiative manages to overcome a virtual quagmire of compliance and regulatory requirements that are requisite to access the diverse region. The group is involved with all asset classes and its buy and sell-side execution platforms encompass everything from equities to Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term – in particular, its forex platform features more than 1,300 unique trading pairs.

According to Tinku Gupta, Head of Market Data & Access at SGX, in a recent statement on the co-location, "We welcome Fidessa into our data center as part of their strategic drive to enhance trading connectivity across the ASEAN region. Since the inception of our co-location service, the SGX data center has evolved into a vibrant financial ecosystem of trading firms, brokers, multiple exchanges and service providers. Fidessa adds to this vibrancy and benefits from hosting its systems in an extremely secure and robust facility that has undergone Threat Vulnerability Risk Assessment (TVRA) and been built in accordance with industry best practice."

Fidessa Strengthens Regional Grip with VN Direct

In addition to the geographic infiltration into one of the financial industry’s most diverse hubs, Fidessa has also bolstered its network with the inclusion of Hanoi-based VN Direct, its first Vietnamese broker. The relationship has promising repercussions, allowing Fidessa’s international investment community direct access and assimilation to the Vietnamese financial market via VN Direct’s proficiency.

"We are committed to developing our trading infrastructure and connectivity network across Southeast Asia to support our local, regional and international clients' electronic execution strategies. With this move, Fidessa is now co-located with three of the major financial centres here: Tokyo, Sydney and Singapore. With our drive to open up the region, coupled with our proven Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, Fidessa is increasingly establishing itself as the technology partner of choice for both international and local firms wishing to trade across Asia,” added Jean-Pierre Baron, Managing Director of Fidessa's business across the Asia-Pacific region.