United Securities joins Fidessa network

Source: Fidessa

Fidessa group plc (LSE: FDSA), the leading provider of high-performance trading systems, market data and connectivity to buy-sides and sell-sides globally, has today announced that Thai broker United Securities PCL (SET: US) has joined its connectivity network.

The move will enable Fidessa's diverse user base to route Direct Market Access (DMA) order flow to the Stock Exchange of Thailand (SET) through the broker.

United Securities is one of the key equity trading firms with DMA to the SET, and has established a particularly strong position in institutional business on the Thai equities market. The exchange is increasingly attractive to foreign investors, who currently make up 37 per cent of the holdings in Thai shares and are responsible for 19 per cent of the SET's daily activity. The global community of investors and brokers on the Fidessa network looking to trade in the region is now able to benefit from United Securities' local knowledge and access to the SET.

Rikiya Takatsuji, Acting Senior Vice President, Business Development at United Securities said: "Joining a network of the scale of Fidessa's is a very positive step for United Securities and is a key element of our strategy of wider global penetration. Thailand has already proved to be an attractive destination for global investors and we have in place a programme of technology innovation that will continue to attract large-cap businesses to the region. Being part of the Fidessa network will help maintain our position at the forefront of trading technology development in Asia."

Jean-Pierre Baron, Managing Director of Fidessa in Asia Pacific, said: "The Fidessa network maintains its strength through its size and reach, and we continue to invest in its global expansion. By signing United Securities, our first Thai broker, we have opened up access to a key strategic destination in Asia and extended our already comprehensive coverage of the Asia-Pacific region. We have seen significant interest in the fast-maturing markets of Asia-Pacific in the past year alone, and this announcement follows our recent signing of Indonesian Trimegah Securities and Yuanta Securities in Taiwan. By developing the network in this way, we are helping to open up these markets to foreign investors."


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