18 October 2017
Find out more

Metabit appoints Finetik as SE Asia rep

05 October 2004  |  448 views  |  0 Source: MetaBit

MetaBit (Japan) officially appointed FINETIK Partners (Singapore) as its Regional Representative for South East Asia on 4 October 2004. MetaBit’s representation in Singapore portrays a strategic milestone, allowing FIX based equities and derivatives trading through connectivity access points between Asia’s major financial centres. This representation in Singapore supports MetaBit’s aim to expand its hedge fund client base in Singapore that trades Direct Market Access (DMA) with MetaBit’s connectivity tool, XiliXTM. Through XiliXTM, hedge funds and asset managers connect to MetaBit’s FIX hub in Tokyo, where traders access multiple brokers registerd on Tokyo Stock Exchange (TSE), Osaka Securities Exchange (OSE) and JASDAQ.

‘MetaBit sees increasing demand from Singapore based hedge funds trading DMA into the Japanese market. This is combined with a growing interest inside Japan to utilise MetaBit’s FIX hub and trading tools to place orders from Japan into the Singapore Stock Exchange via its broker members.’ Said Daniel Bürgin at MetaBit. ‘Japan’s revitalised economic environment has its investors looking for investment opportunities outside Japan. Singapore is one of the key markets in South East Asia, and we get demand for Japanese online brokers, securities firms and instiutional investors to connect through our Tokyo data centre.’

‘MetaBit is emerging as a key connectivity hub provider for FIX enabled equities and derivates trading from Japan to other strategic Asian markets.’
Confirms Stephan Stadelmann, appointed Representative Director for MetaBit and Managing Partner of FINETIK in Singapore. ‘We are very pleased to complement MetaBit’s product offering by opening to MetaBit our vast network of client contacts in Singapore and other Asian markets. These contacts range from institutional investors, to securities firms, and also exchanges.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.capgemini.comvisit www.innotribe.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15306 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8488 views comments | 16 tweets | 22 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
8000 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7499 views comments | 13 tweets | 9 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6627 views comments | 8 tweets | 16 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job