Yuanta Securities joins Fidessa’s global network
Move gives Fidessa community DMA access to Taiwan Stock Exchange
Hong Kong, 22 June 2010 - Fidessa group plc (LSE: FDSA), provider of award-winning trading, market data and global connectivity solutions for the buy-side and sell-side, has today announced that Yuanta Securities, one of the largest securities firms in Taiwan, has joined its connectivity network.
This partnership with Fidessa means that the worldwide community of buy-sides and sell-sides connected to the Fidessa network can now route Direct Market Access (DMA) and care order flow for the Taiwan Stock Exchange (TWSE) to Yuanta Securities, and benefit from their knowledge of the local market.
Jean-Pierre Baron, Managing Director for Fidessa Asia-Pacific, comments: "This is the latest in a number of recent additions to the Fidessa connectivity network, all of which strengthen its value to the community still further. The community is made up of a diverse range of organisations from traditional asset managers, hedge funds and broker dealers to the world's largest sell-side institutions as well as specialist niche players. Of course, adding a company of Yuanta Securities' scale and specialist experience is particularly pleasing.
Daniel Clarke, Head of Execution Services for the Institutional Group at Yuanta Securities, added: "It is a fundamental part of Yuanta's strategy that we are at the forefront of developing trends in the marketplace, and the connection to Fidessa's global community through its connectivity network is an important part of that aim, particularly given its size, reach and reputation."
The Fidessa connectivity network is one of the world's largest and most diverse trading communities, linking more than 2,400 buy-side institutions to more than 530 brokers across EMEA, Asia Pacific and the Americas. In 2009, Fidessa's global connectivity network increased its traffic by 40 per cent and now carries executed order flow of a value of around $640 billion each month.
About Yuanta Securities
Yuanta Securities has been the unrivalled leader in securities brokerage in Taiwan for the past 15 years. The company controls 12% market share in securities brokerage and 20% in securities margin financing. Yuanta's securities-related products and services include equities brokerage, securities margin lending, derivative products, futures trading and other credit trading services, and sub-brokerage for foreign equities. Securities-related services for corporate clients include domestic/overseas IPO and listing services, fundraising, corporate bond underwriting, M&A consulting, financial planning, and transfer and registrar services.
Yuanta offers a comprehensive securities platform to institutional clients, including equities trading, financing services, shares borrowing, and research and corporate access. In addition to having brokerage execution capabilities that match any global competitor, Yuanta offers institutional clients with onshore prime brokerage services, including financing solutions and access to the largest inventory of shares available to borrow for short-selling. Yuanta also differentiates itself with its extensive knowledge of the local market. Its research team of more than 70 analysts and support staff located in Taipei, Hong Kong and Shanghai offers in-depth coverage of companies in Taiwan and the Greater China region, as well as strategic, industry analysis and quantitative research products.PDF (0.02 MB)