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7th November, 2007
CIMB-GK Securities selects Fidessa’s Asian Trading Platform
for regional and global trading
Hong Kong – 7th November, 2007 – Fidessa group plc (LSE: FDSA), provider of multi-asset trading systems, market data and global connectivity solutions, today announced that CIMB-GK Securities Pte Ltd (CIMB-GK), the regional securities and corporate finance franchise of Malaysia’s CIMB Group, has signed up for Fidessa’s fully-hosted Asian Trading Platform. Fidessa will link CIMB Group’s offices in Singapore, Hong Kong, Kuala Lumpur, Bangkok, Jakarta, and remote sales offices in London and New York to provide a truly global trading solution.
Fidessa’s Asia Trading Platform provides CIMB-GK with regional order management and direct exchange connectivity, as well as automated confirmations. It also enables inbound and outbound FIX connectivity and regional risk management, all within one fully managed and hosted service. With this system, CIMB-GK’s trading platform will improve in terms of efficiency, performance and reduced latency, to levels that are unmatched in the region.
“We are excited to have Fidessa as our trading platform. As we expand globally, it is crucial that our business is underpinned by an integrated, scalable, resilient trading platform that will keep us ahead of our competitors. By using Fidessa, we are aligned with other major global market players. Fidessa provides us with the necessary architecture to offer improved straight-through-processing and better services in the face of rising trading volumes”, comments Lee Ming San, CEO of CIMB-GK.
CIMB-GK also intends to use Fidessa’s member trading services to connect directly to the Singapore, Hong Kong, Kuala Lumpur, Jakarta and Bangkok exchanges.
Nevin Price, Regional Manager for Asia at Fidessa, adds: “We are delighted that CIMB-GK has chosen Fidessa. Their decision shows how our investment in our new Asian hosted business services has made Fidessa a viable option for brokers in the region, and means that Fidessa is no longer only a platform for the larger global investment banks in Asia. Fidessa’s ability to support a straight through trading process with the provision of an integrated order management and execution platform, coupled with the ability to expose CIMB-GK’s execution services to clients through the Fidessa connectivity network, were fundamental factors in CIMB-GK’s decision to use the Fidessa platform over other alternatives.”
The Fidessa product suite provides integrated multi-asset trading, market data and connectivity solutions to over 16,000 users at 500 clients around the world and is used by over 85% of global, tier-one equity brokers. Fidessa’s connectivity network serves around 1,300 buy-side institutions, 230 brokers and 83 exchanges globally.
About CIMB-GK Securities
CIMB-GK Securities is the regional securities and corporate finance platform of CIMB Group, Malaysia’s second largest financial services provider. Headquartered in Singapore, CIMB-GK has offices in London, Bangkok, Hong Kong, Jakarta and New York. CIMB-GK offers institutional and retail broking, wealth management, investment banking and advisory services.
About CIMB Group
CIMB Group is Malaysia’s second largest financial services provider and one of Southeast Asia’s leading universal banking groups. It offers consumer banking, investment banking, Islamic banking, asset management and insurance products and services. Headquartered in Kuala Lumpur, its key regional offices are located in Singapore, Indonesia and Thailand.
CIMB Group operates its business through three main brand entities, CIMB Bank, CIMB Investment Bank and CIMB Islamic. CIMB Group is also majority shareholder of PT Bank Niaga in Indonesia.
CIMB Group is owned by Bumiputra-Commerce Holdings Bhd, which is listed on Bursa Malaysia with a market capitalisation of over US10 billion. The Group has over 20,000 employees located in 13 countries.
About Fidessa group
Fidessa group is a world-leading supplier of multi-asset trading, portfolio analysis, decision support, investment compliance, market data and global connectivity solutions for both the buy-side and sell-side globally. Available as a simple workstation or as an integrated application suite, the Fidessa and Fidessa LatentZero products are built on the clear vision of providing the richest functionality, coverage and distribution to the financial markets community.
The Fidessa suite is used by 85% of tier-one, global equity brokers providing sophisticated multi-asset trading, market data, order management and execution capabilities to all tiers of the sell-side.
The Fidessa LatentZero suite is used by the world’s largest asset management firms through to smaller specialist managers and hedge funds, and provides comprehensive portfolio analysis, real-time P&L, what-if analysis, investment compliance, order and execution management, and post trade processing tools, across all asset classes, to all tiers of the buy-side.
Fidessa’s global network carries over 130 million messages a month covering DMA, Care and Algorithmic orders, Indications of Interest and FIX Allocations between over 1,800 buy-sides and 310 brokers across 100 markets worldwide.
Head-quartered in London and with offices in New York, Boston, Tokyo, Hong Kong, Paris, Toronto and San Francisco, Fidessa group serves 22,000 users across 600 clients globally. Fidessa group was founded in 1981, has revenues of around US$350m, employs over 1,200 people and has been fully listed (LSE:FDSA) since 1997.
www.fidessa.com
www.latentzero.com
For further information, please contact:
Asia
Upstream Asia
Cherry Velarde or Amanda de Silva
+852 2973 0222
cherry.velarde@upstreamasia.com / amanda.desilva@upstreamasia.com
Fidessa
Simon Barnby
+44 20 7929 9200
simon.barnby@fidessa.com
Nevin Price
+852 2500 9500
nevin.price@ap.fidessa.com
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