Fidessa group (LSE:FDSA), provider of the award winning trading, portfolio management, compliance and global connectivity solutions for financial markets participants, has today announced the expansion of its Asian operations to cope with growing client demand across the region.
This expansion includes the appointment of new staff as well as the opening of a larger Asian headquarters in Hong Kong.
Fidessa's growth in Asia has been fuelled by the rapid take up and interest in new products and services which have been made available to both the buy-side and sell-side communities across the region.
Fidessa's hosted Asian trading, market data and connectivity platform for brokers, which was launched just over a year ago, has quickly gained a strong foothold in the marketplace. With 10 clients signed up and a strong local pipeline, Fidessa's credentials as a global supplier to blue-chip clients of powerful, reliable international trading solutions, have proved a real winner against the incumbent competition.
Another impetus to growth has been the regional debut mid last year of the Fidessa LatentZero portfolio management, compliance and order/execution management product suite for the buy-side. This full asset-class solution is used by nine of the top ten asset management firms in Europe and the USA, and is already live at its first major client in the region.
"As our client base expands across the Asian region, it is important that we have the staff and infrastructure required to support these customers. The expansion of our operations in Asia demonstrates Fidessa's commitment to the region and is a measure of the huge opportunity that we see here." comments Nevin Price, Fidessa's regional manager for Asia.
"The staff numbers in Hong Kong have increased by over twofold in the last couple of years to 100 people, and the new office here, combined with the business continuity centre we opened last year, will allow us to scale our operations further as our business grows. It will also ensure we are able to continue to offer the first class service for which we are renowned going forward" adds Price.
New staff appointments in Hong Kong will grow the client support and sales teams across the product duct suites, and for the Fidessa global connectivity network for which Hong Kong serves as a regional hub. New staff in Singapore will also add important local support capabilities for the growing customer base that operates from there.
"Our solutions in Asia allow clients to automate their business flows, improve their efficiency and to compete on the international stage. The demand from both the buy-side and sell-side segments in the region for these solutions is growing, and these investments in our business will ensure we remain at the front of the pack of potential suppliers to this audience" concludes Price.