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Fidessa Opens Singapore Hub

Fidessa group has opened a new hub in Singapore to supplement its existing presence in the Asia Pacific region in Hong Kong and Tokyo.

The Fidessa hubs provide access to its software as a service trading platform and its low-latency market data and global liquidity network solutions.

The new Singapore center is co-located with Chi-East, Chi-X’s pan-Asian liquidity venue that is a joint venture between Chi-X Global and the Singapore Exchange (SGX).

In a statement, Jean-Pierre Baron, Managing Director for Fidessa Asia-Pacific, said, “This announcement demonstrates a clear investment by Fidessa in the region for the future. We are currently seeing strong signs of growth in Asia-Pacific: indeed, this move has been driven by demand from our established client base as well as from new prospects. We have been able to draw on our global experience of running mission-critical systems to design the optimum set-up here, and that, coupled with the economies of scale we are in a position to exploit, makes it a very compelling proposition for clients.”

BT will facilitate the establishment of the data center hub through its BT Radianz Proximity Solution.

Added Andy Nicholson, vice president, global banking and financial markets at BT, “The Asia Pacific trading market is going from strength to strength and we are pleased to be working with a firm such as Fidessa to underpin that expansion. Financial market participants increasingly need to be at the forefront of network technology and trading venues that can be accessed via services such as BT Radianz Proximity Solution are best placed to extend their reach to a larger trading community.”

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