Fidessa is ready with high-speed interface to Korea
27 January 2010
New PowerBase NFS gateway opens up high-speed access to the Korean markets
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 it is now ready with Koscom's PowerBase NFS, the new high-speed interface to the Korean exchange (KRX). This new development is a pioneering initiative to the Korean market, where many systems continue to run under limited speed.
The Fidessa NFS gateway provides high-speed market access and is particularly 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, said: “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.”
Jenkins continued: “The last 12 months has been a time of rapid acceleration for Fidessa in Asia-Pacific, particularly with regard to connectivity. Fidessa remains committed to providing the widest possible range of opportunities to trade in the region, opening up new markets and geographies with its highly scalable and robust low-latency technology.”
Notable announcements for Fidessa in Asia-Pacific during 2009 include Samsung Securities (Hong Kong) going live on Fidessa’s Asian Trading Platform, the appointment of Jean-Pierre Baron as managing director for the region and a number of additions to its FIX-based connectivity network.