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 with SGX – furthermore the group has

FidessaGlobal 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

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

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 – in particular, its forex platform features more than 1,300 unique trading pairs.

Suggested articles

NEXT BLOCK SOFIA 2.0 + Fabulous Blockchain After-PartyGo to article >>

sgxAccording 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

indexIn 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, 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.

Got a news tip? Let Us Know