Peresys, the technology solutions provider to the financial markets, have extended their reach into Africa, making exchanges across the continent accessible to traders virtually anywhere in the world.
Fund managers, investment banks, brokers and hedge funds that are certified and connected to Peresys are now able to route orders electronically to a growing number of exchange member firms in Egypt, Kenya, Morocco, Nigeria, Tanzania and Tunisia. These new additions to Peresys' connected trading community complement existing access to Namibia and thirty‐five of the largest brokers in South Africa.
"We have broadened our reach across the continent very rapidly, fuelled by strong demand from our global buy and sell side customers" says Peresys CEO, Ashley Mendelowitz. "Our open and flexible model affords existing and prospective clients a choice of front ends and connectivity providers, and is ideally suited to an emerging market environment where each country has its own unique requirements" he continued.
For brokers who have not invested in the FIX protocol yet, Peresys offers an ideal entry point with its PerFIX Trader order management front end, which is browser based and can be configured and implemented virtually overnight in any location. Once live, brokers around the globe can receive orders and send back trade notifications in under a second.
'Based on our experience in South Africa, we are confident that our recently added sell side users in other African markets will extract tangible value from our service in the form of increased order flow.' Concludes Mendelowitz.