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Fidessa ready with high-speed interface to Korea

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Fidessa group, a provider of trading, portfolio analysis, compliance, market data and connectivity solutions for the buy-side and sell-side, is now ready with Koscom’s PowerBase NFS, the new high-speed interface to the Korean exchange.

The Fidessa NFS gateway provides high-speed market access and is attractive to high-frequency or algorithmic traders, enabling them to take advantage of the 98 per cent reduction in order processing time and around 200 per cent increase in throughput.
 
David Jenkins, business solutions manager for Fidessa in Asia Pacific, says: “This development will open up new opportunities on the Korean exchange for all traders, but will be especially key for those with a low-touch approach. The gateway will help accelerate the take up of algorithmic trading in the Korean markets and provide opportunities for new trading strategies. This pioneering interface complements Fidessa’s existing suite of pan-Asian gateways, as well as improving access to the equities and derivatives markets within the Korean exchange. We are delighted to offer this new product, faster than the existing routes.”
 
During 2009 Samsung Securities (Hong Kong) went live on Fidessa’s Asian trading platform.

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