Leading Korean investment bank Samsung Securities joins the Fidessa network
Hong Kong - 15 December 2009 - Fidessa group plc (LSE:FDSA), provider of the award-winning multi-asset trading, portfolio analysis, compliance, market data and global connectivity solutions for the buy-side and sell-side, today announced that Samsung Securities has joined its global connectivity network.
Samsung Securities Co., Ltd. established its investment banking platform in the domestic arena in 1998 and quickly became recognised as one of the leaders in the Korean market. It can now offer DMA and CARE execution on the Korean markets to the 2,300 buy-sides and 400 brokers worldwide across the Fidessa network.
Yeong Keun Joo, head of the international business group for Samsung Securities, said: "We're pleased to join this leading community through the Fidessa network and look forward to working with an organization that shares our commitment to providing clients around the globe with unparalleled value-added brokerage services and access to markets within the region. The flexibility of Fidessa's technology coupled with our local knowledge makes us a very compelling option for both existing and new clients."
Philip Barnes, head of sales in Asia for Fidessa, adds: "This partnership extends the benefits of CARE and DMA execution to the large community of investors keen to take advantage of the Korean market's potential. Asia is a major area of focus for Fidessa, and this news follows a number of announcements we have made regarding new clients and appointments in the region this year. Indeed, in September this year we announced that Samsung Securities in Hong Kong, which is an affiliate of the Korea-based group, had successfully gone live with our Asian Trading Platform, and we are very pleased to be partnering with them in their expansion strategy across Asia."
KY Cho, head of derivative sales and e-trading at Samsung Securities, says: "We are committed to being a leader in the Korean markets and are always looking to differentiate ourselves by offering new and innovative products and services. There's no doubt that electronic trading has become the dominant force in the Asian market over the last few years, mirroring the trend seen in the US and Europe, and being a part of the Fidessa global community ensures that we are well-placed to capitalize on those developments as they shape the financial sector in years to come."
In the first half of 2009, Fidessa's global connectivity network has continued to increase its traffic by more than 20 per cent and now carries flow with a value of $600 billion a month.PDF (0.06 MB)