15 December 2017
visit www.aciworldwide.com

Fidessa connects to Instinet KoreaCross

27 May 2008  |  2120 views  |  0 Source: Fidessa

Fidessa group (LSE: FDSA), the leading provider of multi-asset trading systems, market data and global connectivity solutions, today announced the addition of connectivity to Instinet's KoreaCross, the Korean market's first securities crossing network.

KoreaCross, which launched in April, provides institutional investors with an anonymous, neutral and zero market impact platform for the pre-market trading of Korean equities. The service is owned and operated by global agency broker Instinet, with Korean investment bank Samsung Securities acting as the local broker sponsor and providing clearing and settlement services, as well as domestic order flow.

Fidessa already provides access to several of Instinet's alternative trading systems around the world - including Chi-X in Europe and Canada, JapanCrossing and CBX Japan - through the Fidessa trading platform, Fidessa LatentZero EMS Workstation and Fidessa LatentZero Minerva buy-side OEMS.

"A global philosophy of openness has long been one of the central tenets of Instinet's business," said Christian Chan, head of Electronic Trading for Instinet Asia. "As such, we are pleased to partner with Fidessa to provide its significant base of clients around the world with access to Korea's sole crossing network."

Fidessa's global, broker-neutral connectivity network provides a fully managed, robust solution for clients wishing to route order flow to a variety of liquidity destinations. Typical uses of the network include buy-side to sell-side connectivity and broker-to-broker connectivity to support non-member trading across numerous markets.

James Hardcastle, head of connectivity for Fidessa in Asia, adds: "In our drive to offer the broadest range of trading and liquidity access services for Asian markets, the addition of KoreaCross is an important step. We have had much interest from existing clients and new prospects about the Korean marketplace and adding a service that addresses the historic lack of anonymity that has existed there, allows us to further enhance the trading solutions that we offer to Fidessa clients globally."

Fidessa's global network carries over 100 million messages a month covering DMA, care and algorithmic orders, Indications of Interest (IOIs) and FIX allocations between over 1,500 buy-sides and 255 brokers across 92 exchanges worldwide.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related company information

Fidessa group

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.aciworldwide.comvisit www.thomsonreuters.info

Top topics

Most viewed Most shared
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
10197 views comments | 16 tweets | 25 linkedin
satelliteRipple completes XRP Lockup
9353 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
8946 views comments | 17 tweets | 36 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
7593 views comments | 20 tweets | 11 linkedin
Australian Government amends AML rules to cover digital currenciesAustralian Government amends AML rules to...
7222 views comments | 15 tweets | 24 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job