Over the last year, high-performance trading and information solutions provider Fidessa Group has been committing itself to growth within certain segments of the market, one of which is the derivatives industry. During June last year, the company appointed two new industry executives with extensive experience in this sector, and then two weeks later demonstrated presence at the International Derivatives Expo in London.
The company also continues to build on its traditional business which covers the entire life cycle of the trading process for both the buy-side and sell-side, from low latency trading tools to settlement, compliance and risk management.
The company’s offering aims to improve productivity, competitiveness and efficiency, while at the same time reducing costs and risk and provides comprehensive connectivity to global community of buy-side institutions, brokers and trading venues, a recent example of which was Egypt’s EGX having launched Fidessa’s FIX HUB network to enable international investors to trade Egyptian securities with ease through a FIX gateway.
Looking East – ASEAN Expansion
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Corporate alliances with international brokers and exchanges has continued to be a major strategic corporate policy for Fidessa, and on that basis the company has partnered with a number of key Asian regional brokers to provide a simple, immediate one-stop-shop trading service for all Association of SouthEast Asian Nations (ASEAN) markets.
The partnerships, with CIMB, DBS Vickers, Maybank Kim Eng, OCBC Securities, Philip Securities and UOB Kay Hian, make it possible to trade across the whole of the ASEAN region from a single connection to Fidessa’s global trading network. The service is available now for use by Fidessa’s extensive global community of buy-side and sell-side firms.
Jean-Pierre Baron, Managing Director for Fidessa Asia-Pacific, said: “Global firms are looking for a service that gives them low cost, low risk, low maintenance access across ASEAN markets, and are turning to the Fidessa network to connect to local brokers who can do just that. In this way, we are facilitating greater access to some of the world’s most dynamic emerging marketplaces.”
“This is an important time for South East Asia, as individual markets within the ASEAN region are proving increasingly attractive to international investors,” continued Baron. “For example, with a population of 244 million and a GDP in the region of US$1 trillion1, Indonesia is recognised as one of the world’s fastest growing emerging economies.
“The Philippines Stock Exchange has started to offer direct market access, encouraging more advanced trading. Members of the Fidessa network can easily access these important destinations and work with brokers that have local knowledge, which in turn enables them to operate more efficiently and provide a better client service.”
Fidessa’s global FIX network currently connects around 3,500 buy-sides to 750 brokers across 200 execution venues covering all asset classes, and carries order flow of around US$850 billion each month.