Fidessa group plc (LSE:FDSA), provider of the award winning trading, portfolio management, compliance and global connectivity solutions for the buy-side and sell-side, today announced Samsung Securities Company, one of the leading investment banks in Korea, has successfully gone live with Fidessa's fully managed and hosted Asian trading platform for its newly established Asian investment banking operations in Hong Kong.
Samsung Securities (Asia), an affiliate of the Seoul-based company in Hong Kong, is considered to be a crucial component of its expansion plan across Asia, and will offer advisory services for capital raisings and acquisitions, stock trading and investment management.
By using Fidessa's trading platform, Samsung Securities gets direct access to the Hong Kong Exchange for member trading, as well as connectivity to global markets, and over 400 brokers and 2,300 buy-sides through Fidessa's global FIX network.
Eric Kim, Chief Technology Officer of Samsung Securities (Asia), said, "Selecting Fidessa's Asian trading platform is an important strategic expansion decision for us. Fidessa's global connectivity network, great timely delivery and expert service will enable us to become more competitive across the region and globally. "
Jean-Pierre Baron, Managing Director for Fidessa Asia-Pacific, said, "We congratulate Samsung Securities on successfully going live with Fidessa's Asian Trading Platform. With our strong installed base and proven capabilities, we look forward to partnering with them in their expansion strategy across the region. Over the last 18 months, we have doubled the number of hosted clients in Asia Pacific and have created a very strong pipeline of prospects. We are confident that this trend will continue as the regional players move up to compete on the global stage. Fidessa is very well placed to satisfy their immediate and future needs with our sophisticated core trading solutions, extensive global connectivity network and suite of advanced trading tools."