Fidessa Sets Sights on The Far East - Provides Pan-Asian Single Connection To Buy and Sell-Side Firms

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 Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term.

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

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 Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term venues covering all asset classes, and carries order flow of around US$850 billion each month.