Korea's Goodmorning Shinhan joins Fidessa order routing network

Source: Royalblue

Royalblue (LSE:RYB), provider of Fidessa, today announced that Goodmorning Shinhan Securities, a leading specialist Korean securities brokerage and investment banking house, has signed up to receive order flow from Fidessa's global connectivity network.

With Goodmorning Shinhan Securities, Fidessa users will now be able to trade equities, derivatives and perform DMA trading directly on the Korea Stock Exchange (KSE). Goodmorning Shinhan Securities specialises in this market and supports both liquid and illiquid stocks and Fidessa users will benefit from this local market expertise.

Michael Kim, head of DMA, equities and derivatives for Goodmorning Shinhan Securities says: "We are excited to join Fidessa's reliable and low latency global connectivity network. Through Fidessa we can offer our services to a vast number of buy-side firms and as a non-conflicting broker we aim to provide Fidessa users with transparent pricing and local expertise in the Korean market."

Goodmorning Shinhan Securities joins over 170 sell-side brokers on Fidessa's global order routing network which includes Bear Stearns, BNP Paribas, Cheuvreux, CSFB, Deutsche Bank, Goldman Sachs, HSBC, Lehmans, Merrill Lynch, Morgan Stanley and UBS providing execution services for global markets.

James Hardcastle, head of Fidessa's Asian broker network adds: "We are delighted to have such a key regional player join the ranks of blue chip brokers on our global connectivity network. With Goodmorning Shinhan we further bolster our position in Asia, which is a key area of focus for us, and we now boast 34 specialist brokers across this region."

Fidessa's broker network provides a fully normalised, highly resilient, broker-neutral solution for clients wishing to route order flow to a variety of sell-side destinations. Typical users of the network include both the buy-side and the sell-side requiring non-member trading facilities on numerous markets. Access to the Fidessa network is available via the Fidessa trading platform, the Fidessa Workstation or by direct FIX connectivity.

The Fidessa product suite provides integrated multi-asset trading, market data and connectivity to over 750 buy-side institutions, 170 brokers and 68 exchanges, and is used by over 85% of global, tier-one equity brokers. Fidessa serves over 9,000 users at over 260 clients around the world.

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