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MetaBit delivers XiliX trading tool over BT Radianz

10 January 2006  |  1418 views  |  0 Source: MetaBit

MetaBit, a leading provider of multi-venue liquidity solutions, and BT Radianz, one of the leading global providers of financial services connectivity, announced today that they have teamed up to deliver high performance, low latency trading solutions throughout the region.

MetaBit's clients will access their innovative trading tool XiliX using the BT Radianz infrastructure. The first client to deploy the MetaBit service over BT Radianz is Taicom Securities, a Japanese online trading broker.

Mr. Akihiro Nishida, President at Taicom, said: "Taicom Securities has continuously adopted new ideas and technologies into Japan's financial industry. This solution combines the strengths of two leaders - MetaBit has the flexibility to incorporate our traders' difficult requirements and BT Radianz's shared market infrastructure provides the reliable, scalable and fast access trading demands. Through this relationship, we plan to implement the FIX protocol for our other operations, and expand both outbound and inbound flow throughout Asia."

"MetaBit is pleased to have the opportunity to work very closely with BT Radianz," says Etsuko Shimabukuro, Senior Consultant at MetaBit, "the combination of XiliX's market leading trading functionality and BT Radianz's community and high performance connectivity creates a very compelling proposition for any trader looking for Direct Market Access (DMA) in Japan."

Richard Man, Head of Sales for BT Radianz in Asia-Pacific, said: "Following our recent successes with the Tokyo Stock Exchange and Tokyo Financial Exchange, this new strategic relationship with MetaBit further strengthens our penetration in the Japanese markets. The MetaBit service complements our DMA proposition for the region, allowing clients to combine market data direct from the exchanges with high performance order routing."

BT Radianz announced earlier this year the addition of some of the largest Asian exchanges to its community to support the growing demand for high performance connections to these venues.

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