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CFH Systems to acquire JV partner in China

18 October 2016  |  1696 views  |  0 Source: CFH Systems

CFH Systems is to acquire Capital Market Automation Provider’s 49% stake in its organisation.

The acquisition follows a period of significant growth for CFH in Asia and strengthens CFH System’s ambitions to become market leader in terms of technology, hosting and infrastructure solutions for institutional clients across the region.

CFH Systems formed the joint venture in November 2015 and has subsequently enhanced its infrastructure and local market knowledge. The organisation has an internet peering agreement with China Unicom, a Point of Presence in Equinix’s HK3 and the Pacnet data center as well as dedicated private connectivities between Shanghai, Shenzhen, and Tianjin to Hong Kong. As a result, clients are able to access the fastest, most reliable route and lowest possibly latency.

Ole Rossing, CIO, CFH Systems explains, “Our joint venture with Capital Market Automation Provider has been a major catalyst for growth in the region and we now have the infrastructure in place to build on these foundations ourselves, with the best route to LD4 and strong, reliable cross connects in China. The acquisition plan was pre-agreed from the outset and because of our successful partnership, both CFH Systems and Capital Market Automation Provider are now in a position to pursue our own individual company ambitions.

“With the investment CFH Systems has made in our infrastructure, combined with our close partnership with UK-based liquidity provider, CFH Clearing, I believe that we offer an unrivalled front-to-back white label trading solution in Asia and beyond - and that we are now a major leader in the Asian market.”

Jeff Chao, founder and COO of Global Market Index (GMI) who set up Capital Market Automation Provider adds, “We are exceptionally pleased to have helped CFH Systems to accelerate its growth in China and become one of the most recognized brands in the region. Our focus is now on the GMI business, and following the appointment of Ashraf Ebid as our Global CEO and subsequent explosive growth in just the past 5 months under Ashraf’s leadership, we plan to evolve our core trading services and strengthen our presence throughout the world.”

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