Source: BT Radianz
BT Radianz, the leading global provider of financial services connectivity, today announced it has established infrastructure points of presence (POPs) and enhanced its sales and customer services in Taiwan.
As a result, banks and brokerages in Taiwan, operating in a climate of evolving regulatory reform, will gain direct access to BT Radianz's shared market infrastructure, allowing them to improve performance, increase market intelligence gathering and reduce latency. BT Radianz's straight-through processing (STP) chain will allow members of its global community to reach targeted customers in Taiwan more effectively by using RadianzNet's expanded footprint and end-to-end network management capabilities.
The ability of BT Radianz to expand its presence in Asia-Pacific is a direct result of its acquisition by BT Group in April 2005. Leveraging BT's global infrastructure to make rapid physical network improvements and customer service enhancements in Taiwan is the first step in BT Radianz's plan to extend the reach of its existing, 3,000-member community in Australia, Hong Kong, Japan and Singapore.
Richard Man, head of sales, BT Radianz in Asia-Pacific, said: "BT Radianz has not only increased the diversity of counterparties directly accessible to our worldwide membership, but has also put in place local infrastructure that will enable us to work with institutions to develop new electronic capabilities for financial services in Taiwan. Growth in the use of the FIX protocol in Asia-Pacific and the increase in demand for cross-border trading in cash equities, derivatives and FX have necessitated this expansion. The Asia-Pacific region represents a material portion of BT Radianz’s global customer base, and expansion in Taiwan is just one of the initial steps in our regional plan to equip local institutions in Asia-Pacific with access to more than 10,000 international counterparties trading across the full range of asset classes."
Edward Chen, Assistant Manager of SinoPac Securities Corp, Taiwan said, "RadianzNet is a reliable communications solution. It provides a stable and consistent connection between SinoPac and our institutional trading partner. The quality and process of our treasury is enhanced; precious labor and time are saved."
Access to BT Radianz's global shared market infrastructure gives Taiwanese market participants the assurance that they will keep pace with the global markets, facilitating their investment decisions and distribution requirements by providing them with flexible access to all critical financial information, execution services and global counterparties with ultra-low latency.