Fidessa group, a provider of trading, portfolio management, compliance and global connectivity solutions for financial markets participants, has expanded its Asian operations by appoint
Fidessa group, a provider of trading, portfolio management, compliance and global connectivity solutions for financial markets participants, has expanded its Asian operations by appointing new staff and opening a larger regional headquarters in Hong Kong.
Fidessa says its growth in Asia has been fuelled by the rapid take-up and interest in new products and services which have been made available to both the buy-side and sell-side communities across the region.
Fidessa’s hosted Asian trading, market data and connectivity platform for brokers was launched just over a year ago.
It says another impetus to growth has been the regional debut mid last year of the Fidessa LatentZero portfolio management, compliance and order/execution management product suite for the buy-side.
‘As our client base expands across the Asian region, it is important that we have the staff and infrastructure required to support these customers,’ says Nevin Price, Fidessa’s regional manager for Asia. ‘The expansion of our operations in Asia demonstrates Fidessa’s commitment to the region and is a measure of the huge opportunity that we see here.
‘Staff numbers in Hong Kong have increased more than twice over in the past couple of years to 100 people, and the new office, combined with the business continuity centre we opened last year, will allow us to scale our operations further as our business grows. It will also ensure we are able to continue to offer the first class service for which we are renowned going forward.’
The Fidessa product suite provides integrated trading, market data and connectivity solutions to clients including more than 85 per cent of tier-one equity brokers. The Fidessa network provides connectivity to more than 2,200 buy-side institutions, 360 brokers and 115 markets worldwide.
