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.PDF (0.06 MB)