24 September 2017
visit www.avoka.com

CheetahFIX teams with LSE to extends connectivity into Africa

11 February 2014  |  1184 views  |  0 Source: CheetahFIX

CheetahFIX has announced a collaboration with London Stock Exchange, and the connection of the CheetahFIX Orb Network and FIX Network LSEHub, enabling the extension of LSE services and products to the burgeoning African electronic trading community.

The CheetahFIX Orb Network offers clients the latest technology on a fibre network, while ensuring a versatile, cost effective solution for routing financial trading information in South Africa and across the globe using the FIX protocol.

As the Johannesburg Stock Exchange (JSE) reduces its trading charges in response to global economic conditions, the CheetahFIX Orb Network further reduces the costs of trading in South Africa by electronically connecting counterparties. The linking of these two communities through the LSEHub will support the growth of trading volumes between London and Johannesburg and across the wider international trading sphere.

As a result of this cross connection to the LSEHub, institutions and brokers will benefit from a larger electronic network at lower cost, ensuring that businesses operating in the region retain their competitive edge.

"Linking two vibrant trading communities such as these will meet our overarching aim of promoting liquidity and activity both in the London and Johannesburg market places, and further afield. This collaboration provides existing and new Orb members the ability to connect to hundreds of buy- and sell-side institutions in a reliable and cost effective manner. This is the latest in a series of planned cross connections to major worldwide networks, which will ensure the benefits of trading electronically, using the Orb network and the FIX messaging protocol in South Africa are fully developed. We value the opportunity to improve the global reach of our network clients by connecting them into the LSEHub FIX network" added Kevin Smith, Director, CheetahFIX Limited.

Katherine Lachelin, LSEHub Product Manager, commented, "We are delighted to be able to connect our clients into South Africa through the Orb Network. We have worked closely with CheetahFIX to facilitate new business relationships, and having a local South African FIX network that can empower more companies to use the FIX messaging protocol will benefit the entire financial marketplace. We are pleased to help shape the industry and be part of this expanding market."

Kevin Houstoun, Chairman at Rapid Addition, said: "Following our partnership with Tauri Software Systems in 2012 to establish CheetahFIX Limited, we're pleased to see the further interconnection with established FIX networks. I fully expect the Orb FIX messaging network to grow with the South African financial trading community." 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.temenos.comvisit www.sibos.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
13532 views comments | 28 tweets | 44 linkedin
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
10102 views comments | 13 tweets | 28 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8638 views comments | 19 tweets | 27 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
8489 views comments | 16 tweets | 1 linkedin
ISO 20022: The common language of choiceISO 20022: The common language of choice
8253 views comments | 1 tweets | 2 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job