NextView and MetaBit sign Asia MoU

Source: NextVIEW

NextVIEW Pte Ltd (NextVIEW), the leading Pan Asian financial information vendor and MetaBit Systems Co., Ltd. (MetaBit), specialist provider of FIX DMA trading solutions, have signed a Memorandum of Understanding during Singapore's Asian Traders and Investors Convention on April 14 – 15, to leverage their services and offer information data services with FIX compliant institutional DMA and algorithmic trading in Asian markets.

With this strategic alliance, NextVIEW and MetaBit will cater to the needs of buy sides across Asia, who trade equities, derivatives, and commodities across multiple markets throughout the region. Clients will be able to interactively combine NextVIEW's real-time market data and charting tools with MetaBit's XiliX intuitive DMA trading platform.

This new service offered by two companies that are both home to Asia, represents an attractive value proposition to institutional investors who trade across international borders into Asian markets.

Initially, the service of interactively leveraging NextVIEW's market data and charting terminals with XiliX, will be provided for markets in Japan, Hong Kong, Australia, Taiwan, Korea and Singapore, with ASEAN and Indian markets to follow. This will represent a multi-asset offering, spanning cash equities, index futures and options, and commodity futures.

"Teaming with MetaBit will create an excellent value added proposition to NextVIEW's existing clients that increasingly look to convert analytics and real-time market information into an order, placed directly on Asian exchanges," says Stephen Lai, NextVIEW CEO, "NextVIEW is an Asian information service provider that is unique and has been looking for a partner that is equally focused on Asia, with a deep understanding of the region's needs."

"The planned offering with NextVIEW will be the first truly Pan-Asian solution by providers that have their origin in Asia," says Daniel Burgin, MetaBit CEO, "MetaBit and NextVIEW both have an intrinsic know how of local markets, with services to complement each other. By combining financial information with cross market DMA connectivity, XiliX will further grow as a multi-asset, multi-market trading solution, catering to the needs of domestic market participants as well as overseas investors trading into Asia."

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