Fidessa co-locates with SGX; moves into Vietnam
19 February 2014 | 1279 views | 0
Fidessa group plc (LSE: FDSA) has today announced that it has signed up to co-locate at Singapore Exchange's (SGX) data centre. This will provide Fidessa's clients across Southeast Asia with sub-millisecond access to the SGX matching engine, as well as improved trading links across the region.
Fidessa's Singapore data centre will host its full suite of managed services, including global and regional trading, global connectivity and market data. These services support both member and non-member trading across Southeast Asia, encompassing the many and diverse local trading and regulatory requirements needed to access this region.
Tinku Gupta, Head of Market Data & Access at SGX, commented: "We welcome Fidessa into our data centre 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 centre 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 has also added its first Vietnamese broker, VN Direct, to its connectivity network. Members of Fidessa's global trading and investment community can now access the Vietnamese market directly, or with the support of VN Direct's specialist execution capabilities. The move represents an important milestone in electronic trading in Vietnam, enabling automated, real-time execution of Vietnamese orders via a standardised FIX protocol and stripping out the inefficiencies associated with manual trading processes.
Jean-Pierre Baron, Managing Director of Fidessa's business across the Asia-Pacific region, added: "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."